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Friday, March 25, 2011

Stock market trend

Between now and Monday, the US stock market will have some very interesting event unfold. We have the Supreme court ruling, the IMF tapping 1/2 trillion dollar emergency fund.

From a chart perspective, we are at a trend resistance, net stop is recent high.
I have to imagine the markets start to fail.....but by this time its pretty pathetic to even say this, since it hasn't materially since March 2009. 2 years of basically moving up is hard to call for a change.

To the charts.

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