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June 25, 2013

One Day Reprieve

Equities today formed a swing low off Day 45 of the current daily cycle. Under most circumstances, we would now look for stocks to bounce into a new cycle since 45 days is the outer limit of a normal daily equity cycle. However, several indications have recently been delivered to suggest stocks are suffering a decline of the intermediate sort. Given this outlook, today's rally is likely to amount to only ...

 

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