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Eyeing Correction, But Market Keeps Rallying

By Helene Meisler

 About this article:
 I keep looking at the screen and seeing the S&P 500 down 19.99 and I can't help but think it looks like a price tag and the bulls will think the market has gone on sale! Isn't it amazing that what was down last week managed a (weak) rally Monday and what was strong managed to give up its gains? But all the attempts on the upside in Nasdaq didn't help the Semiconductor index, or SOX , recapture that uptrend line. And the ratio of the SOX to the Nasdaq also stayed down. For the past three weeks I have been discussing a correction in the market. And it not only hasn't happened, the market has rallied. I keep waiting for the indicators to roll over but they don't. They come "this" close and then we rally again and they get saved. But since late last week we...

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