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Monday, November 12, 2007 

Bears are pushing this market too far....

Chart courtesy of stockcharts

Another day, another week and another drop, the end of this party may be near.

Bears are pushing this market too far without any concrete reason for this Sell-off in techonologies. I expect a big bounce from here. Markets are now in Oversold conditions.

Chart courtesy of stockcharts

YHOO closed the day near its major support at $24.74. In my opinion YHOO has bottomed. I believe today's dip is a buying opportunity.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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