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Wednesday, April 11, 2012

Today's bounce a critical test

Stocks are rebounding so far this morning, after yesterday's 214 point drop on the Dow - the worst day for 2012 to-date.  Ten minutes into the trading session, we are up a little over 100 points on the Dow.  Today's bounce will be a critical test of the correction that began only a few trading session ago - if stocks can print a positive result today, the downtrend could potentially be broken, giving investors confidence to come back into the market.  However, if this bounce fails, and stocks end the session lower, the downtrend will be confirmed and investors will likely look for the exits in increasing numbers.

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