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Wednesday, October 27, 2010

long in the tooth

Price is beginning to yaw.  We're gaining less ground over more time.

From the July lows our advance has brought us up just over 14%

this was following a decline of over 16% off of the April highs and, before that, a 13% advance off of February lows.
The energy is fading (not to say a renewed energy couldn't take price up for another wave).  It has taken 79-days for price to come this far off of it's correction lows;  compared to 56-days up and 50-days down (can you say cycle?).

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