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Same Data, Different Conclusions
Motley Fool Money
Bottoming Is a Process. This Will Be the Third Time
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The stock market has tried to get above what we would call a resistance level. The 200-day moving average did serve as a strong resistance level all year. So if we fail, which it looks like we've failed, that would be basically the third failure this year of creating a new rally. "We're not going to fail forever," he says.
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