The Fred Report - Mid Week Update February 24, 2011

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This remains a very strong uptrend, and while short-term indicators have corrected, intermediate-term ones have not yet pulled back.  On an intermediate basis, there is nothing to suggest the bull market from the lows in 2009 is ending.  We realize this is a “news driven” market, in the absence of news, with these readings, I would expect declines in oil and rallies in stocks over the very short-term. 

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