Posted by Lance Roberts - Real Investment Advice
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In this past weekend’s missive, I discussed the recent market sell-off:
“Well, this past week, the market tripped ‘over its own feet’ after prices had created a massive extension above the 50-dma as shown below. As I have previously warned, since that extension was so large, a correction just back to the moving average at this point will require nearly a -6% decline.”
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