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: Texas Lawyer Blog

Dow Hits 11,000; Time to Sell

By mcbride

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While the mood is still up and the Dow (perhaps only amongst markets) is high, everything I read says: Sell. From the folks at www.elliottwave.com : ?the market?s new recovery high ? extends the life of the bear-market rally, but the impetus for further gains is clearly waning. Entire sectors, such as energy and utilities, have already fallen away from the advance, and several other assets, such as commodities, are also off their highs. The blue-chip indexes are one of the last hold outs against a return of the larger downtrend. When they reverse, the full fury of the bear market will be back. (emp supplied)?

Here is a link to an article on today?s new market high: http://finance.yahoo.com/news/Stocks-edge-higher-after-apf-1835028992.html?x=0&sec=topStories&pos=main&asset=&ccode=

Michael

Full post as published by Texas Lawyer Blog on April 12, 2010 (boomark / email).

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