The Fred Report - Mid Week Update August 26, 2015
Unlike the corrections we saw in 1998 and 2011 we have seen pronounced technical weakness months before the correction started. Realize we may have hit a trading phase where the market opens up and trades down, then opens down and trades up. I call this the “Wubba-Wubba” pattern - lots of volatility but no real net change close to close.
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