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Tuesday, August 20, 2013


All three of these important indexes convey the critical level of the current market.  Some support should be expected near this level, but even though short term forks do not appear fulfilled the large picture shows a very fragile market.
Any further deterioration will most likely result in free fall.  I emphasize some support should be found here, but I fear this will be the last time the bulls will be able to hold the line.
Many other charts show the same weakness, and the critical area has already been broken on the real estate chart.

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