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The market dropped today. S&P 500 closed at 893, still consolidating within the range of 880-930. The danger is that S&P index is moving to a shape of descending triangle. If there's no strong upward movement in the next two days, the market is in the danger of failing the support around 880. Too many uncertainties /w the GM situation. As a small investor, you just need to minimize the risk.That's why I'm holding 100% cash now.
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