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Bears Out Of Hibernation To Pull Down S&P 500

Wednesday, 30. November 2005

It was only a matter of time before the bulls needed a couple of days off to take profits. Trading Indicators are in sell, but we won't be looking to go short until a setup is present. Also the first sell after a strong up move can be very dangerous so our bias will remain buy. Heavy economic news (GDP, petroleum, and biege book) will be closely watched today possibly causing reaction in the market.


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