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November 20, 2012 at 17:19 PM EST
Minyanville's T3 Daily Recap: Digestion Constructive for Stocks
US markets finished around the flat line Tuesday recovering from some early afternoon weakness. We talked both in yesterday's Daily Recap and today's Morning Market Call about the need for rest after two volatile sessions. Friday we got a powerful Red Dog Reversal and yesterday we saw strong upside follow-through. Especially during a shortened holiday week it was prudent to expect digestion. If you missed yesterday's move don't try to chase higher prices but rather wait for another calculated set-up. Overall today's pause can be considered very constructive for the bulls. Last night after the close Moody's downgraded France ...
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