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Fed Cuts 3/4 Points: Capitulation Still Looks Likely

http://www.urbandigs.com Posted by Boomerang 218 days ago

I discussed capitulation late November, as that is a trading term given to a market that is facing fear, panic, emotional selling all at the same time. Anyone not familiar with this term should now know what it means after we had a day to digest the coming carnage. Back in November, I said we need a DOW day -450, and NAZ -80 or so. Looks like we will get this and more today.

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