Tuesday, December 11, 2007

Market Crash?

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There were 2 reasons for the market to make a strong move down:
1. As I mentioned, the market was ready for correction down.
2. The FED announcement

I’m still under the same mood. I consider it as a correction within the dominant up-trend. I do not think this strong move down would harm the general up-trend, I would consider it as a healthy correction and I would expect to see the recovery soon.

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