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Has The Trend Change Already Happened?

February 8th, 2010

Now that another “lower low” has been formed in each of the major indices, we firmly believe that stocks are positioned to make another leg down within the 2-3 months. While short term indicator’s point to a minor rally here, the trend change is nearly complete. Looking at the daily charts of the DOW JONES, the next logical support level isn’t until 9,300.

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