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Why Tom DeMark is predicting an ugly March for the S&P 500

From marketwatch.com

The worst isn’t over for Wall Street stocks. That is at least how respected chart-watcher Tom DeMark sees things possibly unfolding as investors get ready to close the book on February and head into March. DeMark, who founded his eponymously named data analytics firm in Scottsdale, Ariz., is predicting that stocks are in for a big fall. That’s highlighted in his view of the S&P 500 SPX, +1.13% which he sees dropping 8% to 10% from current level to around 1,786. The broad stock-market benchmark could tumble to 1,733, if things get really ugly, he said. His gloomy call was briefly highlighted by MarketWatch’s ... (full story)

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