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Dollar & Stocks Offer Mixed Signals: What Now?
Traders, well, what another crazy week in the markets. For stocks, that makes 7 weeks in a row posting losses and while that may be unsettling for the bulls, the pace of the decline is certainly not climactic. With that said, we have been viewing this decline a bit differently than other analysts and we take a bit more constructive, i.e. bullish view on equities here. However, there are currently 2 scenarios unfolding, both bullish, but one that allows for a further push lower before prices rebound - this one however is our alternate count. From an Elliott Wave (EW) perspective our favored ... (full story)