The Fred Report - Mid Week Update October 10, 2012
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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