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August 30, 2010

Muddled Monday

Stocks denied us a swing low as this new week got off to a muddled start, but since we came into the session with solidly overbought readings on short-term indicators, a bit of give-back should not be too alarming. I will admit to being a bit surprised as to the extent of today's weakness, but considering the age of the daily cycle... now in the 40-day range... I really doubt we will see ...

 

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