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Thursday, March 04, 2021 8:34:01 AM
Tax selling has started . High flyer are down big .
We are approaching Thursday and fri where big selloff s
Occur . Watch the Nasdaq here 3 percent down today at the end
Of the day spells trouble and could see 40 and as low as 34 sometime
Next week if we go into the weekend down 10 percent on the Nasdaq .
Nasdaq is total correcting . Rotation into the Dow .
We are down 4 percent in the week so far .
Tax selling came very early and the new daytraders
Will have to sell to pay taxes
This has very little to do with interest rates and reopening
But it definitely sparked the selloff and now the
Mechanics are in place for a 20 percent sell off .
One more thing this is a test of last weeks months lows .
Could have a early bounce from the 10 percent down move on the Nasdaq.
Lots to think about here . Each spells another clue .
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