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MightyMo's Blog : "The question is, is the trend changing?"

Date

November 2, 2009

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From Sara Lepro and Tim Paradis, AP Business Writers

"After months on hiatus, volatility is back on Wall Street"

"The Dow has gained or lost more than 100 points in six out of the last seven days. The last time the Dow had as long a streak of triple-digit moves was in late March, shortly after major stock indexes bounced off 12-year lows.
"

4 Comment(s):

Author

InvestmentMAGE Date

Date

November 3, 2009 06:35

Personally, I think we are (long) overdue for a technical correction.

The Trend Is Your Friend Until It Hits A Bend

MAGE

http://www.peopleandpicks.com/blog/InvestmentMAGE/3128910/Contradictory-Aphorism-Game-Preferably-Stock-Market-related/

Author

TickerBandit Date

Date

November 3, 2009 08:18

Mo,

It depends on how one defines the trend. But if one is talking about the primary trend, then I say no. We will hit new highs, though I haven't an opinion of when.

Author

JoeJustJoe Date

Date

November 3, 2009 09:18 Edited: November 3, 2009 by MightyMo

Don't try n figger it out fellahs....even Warren (edited) can't...as evidunced by the buyout of BNI announced today. No wonder BRK.B is doing a 50/1 split...with Warron (edited) paying 3 times what BNI is actually werth the BRK.B shares had no choice but to move lower anyhoo! . :-)(edited) Birkshire funds goin doooooooown. *-) 3J

Author

BSNBC

Date

November 3, 2009 09:50

this correction is very weak so far. moving averages are catching up at least. hopefully, a few weeks of this movement so bases can form.

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