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First sign of weakness

WASHINGTON (MarketWatch) — The Business Cycle Dating Committee of the National Bureau of Economic Research met last Thursday and decided it would be “premature” to declare the end of the recession, according to an NBER statement released on Monday. “Many indicators are quite preliminary at this time and will be revised in coming months,” the statement said. The NBER is the non-profit arbiter of recession dating. The recent recession began in December 2007. Many Wall Street economists informally believe that it ended in the middle of 2009, making it the longest recession since the Great Depression.

Many stock form doji ahead of quarter 2 report. Other than Yangzijiang and Cosco and a few other special stock, broad market movement is seeing signs of profit taking. Can it be people is trying to pre-empt something?

Ezra had good news yet still dropped by 10 cents. When you have good news and yet the stock can drop so much, it is a sign of danger ahead. Ezra is trading in a channel, if it breaks, shortist will come in for a run. Keep a tight stop as lots of divergence is already showing is many sector.

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