The FRED Report

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The Fred Report - Mid Week Update October 10, 2012

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We have been concerned about the possibility of an intermediate correction but did think this week would challenge the upside. This could still occur, however the pattern on the short-term stochastic has become more negative.  In our Sector Review we have noted bifurcation in the performance of tech stocks. This sort of variation in performance generally means a sector is about to weaken and this is now happening.

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