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Building Fear


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I was taking a closer look at a 3 year chart of $BPNDX

and if you look at the MA(50) and the MA(200)

you will see that the current situation is nothing like the October 02 bottom.

 

So I agree with Piledriver - this was/is a BRR - brief relief rally

and nothing to worry about. If anything the current formation looks similar to February 02 and look at how Feb -Oct 02 played out.

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