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"We see what we want to see unless we make a conscious effort to see what is really there." -anon.

Archive for August 3rd, 2007

Another drop in stocks, gold up

Posted in Daily Comment on Aug 3rd, 2007

Stocks indexes had a hard time today mounting any kind of rally. At the end of the day the bulls gave up again and the major stock indexes closed sharply down. I am including a 60 minute chart of the QQQQ (Nasdaq 100) to show the pattern of rally atempts and then sharp sell offs, [...]

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