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Levin: Obama Is Criminally Liable
Wednesday, June 16th, 20102010 trend
Monday, June 7th, 2010Ultimate Stock Portfolio
Monday, May 17th, 2010The SPX is currently below its 50-day moving average and above its 200-day moving average. Both averages are moving higher but the 50-day average will begin moving lower soon.
The markets have received a very powerful shock last week after the computer generated mini-crash occurred. The odds do not favor a continued advance. Too much damage has been done and it will take some time for the markets to work through this.
There does now appear to be a new trend, and it is to the downside. Hopefully this will be a short lived correction, but there is no way to tell yet.
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