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January 13, 2014

Equities on the Cusp of a Major Breakdown

For the past couple of weeks, we have been toying with the notion that the current daily equity cycle will see its Day 8 high transform into a Day 8 peak, sending the cycle into a left-translated nature and commencing the process of intermediate decline. Today's decline brought the S&P 500 within a hair of delivering a confirmation of such a ...

 

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