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Deep Concerns About the Current Market Recovery

BY JERRY SLUSIEWICZ | AUGUST 25, 2009 | 5:24 PM | 0 COMMENTS

I have very deep concerns about the current market recovery and its ability to rally higher.  The number of stocks trading above than their own 10 week Moving Average, on the New York Stock Exchange (NYSE) is almost 88%.  That is the highest level since this data has been collected dating back to 1994 and indicates an extreme overbought condition.

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