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CHART ANALYSIS | April 6, 2004
Citigroup Maintains Uptrend, Breaks Out Of Consolidation
Markets are actually in sharp up or downtrends only 30% of the time. Seventy percent of the time, they are either in weak trends or "choppy," moving in a sideways consolidation. The US market seems to be going through a weak trending phase and traders need to be very cautious when entering, as stocks tend to move in large swings in either direction.
by Ashwani Gujral
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