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Wednesday, November 09, 2011

Just hit minus 400 on the dow and minus 6 on the mlp index. We are a few ticks off those lows. Not looking too good here for the last hour. Also Nasdaq which was the first to go above its 34, 55, and 89 day moving averages are now back down to those averages on the chart..down 90 plus points.

If the nasdaq pushes below there today, it will be the first to break down and could be telling us that more selling is coming over the next number of days.

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