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Monday, October 18, 2010

Market

As the DOW approaches a previous high, we could either make a double top or this could be the point where we pull back and form the handle of a cup and handle formation.  Either way, I am getting pretty nervous and sitting with a finger on the mouse button just a click away from being in cash.  Unless IBM has a blowout quarter, we could see a pullback after earnings.  A major miss by a big player can put the brakes on the market.  Be careful in your trading.

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