The Fred Report - Weekly March 21, 2022

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Of concern is that we had more new lows than the week before, and half the new highs. This is an unusual way to start a broad-based advance off a bottom.  It is probably time to buy select tech stocks that are showing relative strength as the QQQ has corrected around 22% from top to bottom and we have been looking for 30% or so as a maximum drawdown.

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