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Why Selloffs Should Be Ignored, and When They Shouldn’t Be

The market is again testing the high. It has backed off in the early going on Sunday night, but I’m more interested in where New York closes, not where New Zealand opens. Until there’s a clear and convincing break of a certain key support level combined with certain other indications, the upside projections on 6 month and 10-12 month cycles will remain viable.

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S&P 500 Chart
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