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Originally Posted by coolhand

The general trend continued today as the S&P rose modestly while the DWCPF was thrown for a moderate loss.




Price on the S&P has traded not far North of 4080 for 3 days now, so there does seem to be some resistance in this area. It may be near time for a pullback in this index. Price on the DWCPF may have peaked for another lower higher, but price also closed on the 50 dma, which may (or may not) provide

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Stocks faded late to turn a quiet day into a blah day on Tuesday. Nothing serious yet - just a day of rest after the recent 7 or 8 day rally off the recent lows. The indices are getting a little overheated and even the bulls realize we may need to see some consolidation of the recent gains. The Dow lost 97-points and the S&P 500 and Nasdaq both ticked into negative territory just before the close. Small caps held onto gains but also faded late.

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