“While there has been concern about Bernanke’s confirmation, Obama’s policy on big banks, China’s economic policies, etc., what we are dealing with here is a “technical” shakeout, which must simply run its course as the market probes for a comfort level. .
That could come in the form of a sharp one - or two-day reversal, following a sharp plunge, or come in the form of a more gradual, choppy turning pattern. I favor the former…”
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About George Brooks:
George Brooks started in the investment business as a stock broker in 1962 and quickly gravitated to the research end of the business, first undertaking his own vast study of fundamental and technical analysis, then taking a position as director of stock market and economic studies for a leading money manager and publisher. In 1973, he formed his own firm to provide daily market timing and stock selections for two regional NYSE member firms, as well as special situation research and written analysis for leading investment advisory publications.
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