Investors....come in please!

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P, I may be taking a flyer on CNC.
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I like ABB (up more than 50% in 3 months) So with CPST PHO and ENER I have more stocks than I ever held in the last year. But it does look like we are going into a correction to me.
 
Since there are many ways to control the relentless buying and little or no selling, they seem to be using oil prices instead of large interest rate hikes.If PHO goes down Monday on increased volume I too will sell.The big Bearish Engulfing is scary enough. The clincher is a close below 16.06 on volume.They will strive for a sideways market so they will have room to go up later in the year.How about: ML Starts Dongfeng Motor With Buy

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Charts tell it all. The only time a head & shoulder top will fail is if the news is better than the chart pattern at the time. When the Fed printed billions and flooded the market with liquidy the market was overwhelmed.Look at Motorola a big W pattern dispite the great news on earnings the stock tanked on huge volume.The fact is most charts are topped out they need a reason to go down and thats what their doing.Lets call it a choppy market cause companys are so cash rich they can turn on a dime.
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This is the a weird market to say the least. One of my little stocks broke out today (GROW) but look at SA and GRZ gold is also on a terror (pardon the use of that word).There is no doubt the world has enough uncertainty so to be sure run the price of everything up.I had GFI at $14 for a long time and it too blasted off and pays a dividend.So keep a open mind and don't fight the wall of worry.
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