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We broke some accelerated trend lines and, in weaker sectors, broke intermediate-term support levels.
FORBES: Stocks Under Suspicion, Gold Bugs Better Watch Out Below
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Not only has my seasonal strategy not yet triggered a re-entry, but my non-seasonal Market-Timing Strategy remains on an intermediate-term sell signal, and some significant support levels like 200-day moving averages, and trendline supports, have been broken.
FORBES: Market Correction Started In September, Has Room To Get Worse
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UNESCO: Wise OWLS
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WP8 was announced over the summer and in an effort to keep everyone with the existing hardware (that would not support Windows Phone 8), Microsoft talked about an intermediate version of Windows Phone, running between the upcoming WP8 and the then current WP7.5.
FORBES: What's The Story Behind Windows Phone 7.8?
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But a situation is also in place that might have intermediate-term implications, thus making how the market deals with the short-term support and resistance levels more important.
FORBES: Sentiment Seems Excessively Bullish, Watch The Stock Charts