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April 14, 2010

Exhaustion or Parabola?

It's a trick question, exhaustion or parabola, because I think the answer may be "both." We are too far above the 65DMA for price to go parabolic here, yet we are too deep in the daily cycle for any correction to last very long. So, I suspect that right after opex, we will see the brief but sharp correction we've been anticipating followed by ...

 

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