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The market continues its slide. I am becoming less enthusiastic about the current rally. To me, it looks like it is in trouble. Although my remaining two leaders, CLCT and URBN, have been able to escape the carnage. Also, when I run my stock scans I still get two full pages to examine. I just have this gut feeling the market is going to roll over. I’m down to only 20% invested and have tight stops on all trades, so a further drop should not hurt me too much.
Posted by Ted at June 14, 2004 8:14 PM