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IBD logged 5 distribution days on the Nasdaq going into
today and today looks to be the 6th. This was an abrupt reversal
this morning and investors should be lightening up at this point. Yesterday’s
strength in the Dow seems to be a partial rotation from growth into more
conservative issues, thus we need to be more cautious.
Follow Scott O'Neil at Twitter.com/WScottOneil
Thank you, Scott!!!!
We need your advise on this type of turning points up or down. Thanks, Scott!
Your commentary is well appreciated, thank you.
Thanks Scott! It was not what I expected for Nov & Dec of 2013, but my expectations are, of course, irrelevant. I did more selling yesterday and as we passed 3 DDs recently than I have in quite some time. The only growth I am holding at this time has a nice, comfortable cushion--so far!
Thanks again Scott!
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