Its been a busy week away from the blog, so I only have time for a quick post on Wednesday's action. I you have been following our posts lately, you know we were expecting a down turn. I didn't expect as big as of hit that we got, but that is Miss Market for you - ever unpredictable.
This is a healthy downturn as I have also been documenting. Our moderate momentum indicator needed to bleed off some over bought status, which it has begun to do. The next big move will come when the slow and moderate momentum turn up roughly in tandem. That will probably be next week, but then again, I don't make predictions.....
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