Monday, May 7, 2012

Last week's sharp correction

Did I see a short term correction early last week? Not really despite there were a few indicators nearing short term overbought which has been the case much of this year. On the medium and longer term horizon, I don't see hints of larger correction or a bear market is upon the stock market. Still I was caught off guard with the correction last week but I am confident this is a short term one and should see some upside when this bottom process completes in the coming days or even weeks.

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