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Take a look at all the candles as the market traded in the $110.60 - $112 area. Lots of small bodies and long shadows. Also notice what isn't there -- long, green upwardly moving candles. The market is stalled right now. This is important especially considering the employment news we got a few weeks ago -- that should have moved the market higher. But no -- we're still here.
1 comment:
I was wondering what your opinion was of the big banks paying back the TARP money. Bank of America last week, and today Citi and Wells Fargo. Is there a risk of these banks coming back to the government for money in several months, since they seem to be paying back the money because of the pay restrictions?
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