Although the market has been moving to new highs, the move has lacked conviction. Deron Wagner is beginning to find a significant number of short setups from the daily scans.
Practically every government in the developed world faces the same problem. National. State. Local. Expenses grew during the boom years. We all know why. Politicians prefer to spend then to save.
The Nasdaq 100 could be in the vanguard of a late year advance but also leading the charge, should there be one, in a sharp correction during the first few sessions of 2011.
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