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11-2-2015 Comments
Watch lists are updated with the usual suspects.
The NASDAQ is approaching its old high which is a possible place for the market to stall and perhaps put in a double top. I note that in the futures market the possible double top has already formed. The weekly chart below shows that the futures market made this possible formation last week.
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The market, of course, can do anything. Least expected, however, is a robust rally from this point. If the market wants to stall at its double top I may try a short position.
The pre-open markets are up slightly this morning.