yes mongo, quite a coincidence that the news fits the T/A at the same time. I suspect this correction has longer to go, particluarly if the market is reacting this way to Libya, which supplies not much more than a teaspoon of oil for the worlds needs, what will happen when the Saudi regime gets overthrown.
But thats FA , what about the charts. History suggests (probably a little too obviously ) to look for a turn in March. 2003, 2004, 2005, 2007, 2008 and 2009 were all turns in the DOW in March, around the middle of the month being the preferred time.
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