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Tuesday, April 3, 2012

Market Wrap Up: 4/03/2012

The market is behaving different these days. The market isn't advancing in a light volume environment and we are beginning to see sellers come into this market. Gold took a big hit today on the back of a stronger USD. A strong USD usually means a weaker market. My call for a top remains as it has since this market topped 5 trading days ago. I think we have a good chance at breaking the 20-MA on the daily chart tomorrow.

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