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swmn/soin | Not sure who said we would see 8500 dow before 11,500 dow, but I am still in the same camp. It has been a "bear" market rally and not the start of another bull move. Bear market rallies are fully retraced.....plus make new lows. For me I am of the opinion that even the strong companies are going to see some erosion. A rising tide lifts all boats, but a falling tide also lowers all boats. The recent selloffs are a continuation of the downtrend. Sorry to say but my take on the Elliot wave structure of this market tells me we have more downside.....much more. So your Monsanto in the $40 range......maybe sooner than you think. Time to be defensive......don`t try to swim upstream, the trend is your friend! just my take on things....fwiw | |
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Monsanto continues Plung Down toward $40.'s range
