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Re: BioChica post# 83053

Thursday, 06/16/2016 12:03:40 PM

Thursday, June 16, 2016 12:03:40 PM

Post# of 426707
BC, It's been a strong market for a long time. I'm concerned the major indexes haven't been able to take out previous swing highs (in April and June). Now we are moving into a seasonal period that is typically weak for equities - especially Tech. Also, the VIX has spiked 80% in the past 2 weeks in response to seemingly bad news at every turn. With the economy weakening, and the disastrous political situation, I see investors more willing to sell at resistance versus buy at support right now. That being said, we are sitting on support and the charts are telling us to expect a healthy bounce in the next few days.
JMHO

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