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Monday, April 22, 2013

Market Trying To Bottom Here

Bull markets do well with many three to five percent corrections.  The latest pullback qualifies and this rather complicated chart showing Bollinger Bands and Keltner Channels indicates the market is trying to make another bottom after penetrating its 50 day moving average or MA(50) on my chart.
  • Recent High = $159.71
  • Recent Low = $153.55
  • Difference =  $6.16 or 3.86%

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