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Wednesday, May 22, 2013

Market Pause

Today's action marked a potential 'Pull-In' for all the major indexes as they all failed to hold their 52 week annual highs and manage to close below previous days lows.  At this time I do not think it's a permanent 'Pull-Back', but simply just a breather.  Today's move could translate into a 5% downward move.  My chart system is down, sorry no pictures.