Solid Distribution Day 2/4/2013

The plot thickens.

Today there was fairly indiscriminate selling.  Blame it on this or that, either way, it reminds one that the market can also go down.

Prices remain very extended above the moving averages, even with today’s action, so I am expecting some more price slide in the coming days.

I will be looking to buy the right stocks at the right price.

The market remains in an uptrend.

Check back later for a video analysis of the market action.

 

 

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