Recent History Of Dow Industrials 11,000 3/24/2010
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11:27 Bird was commenting that a 100 point or more down day will set up the push toward that round number I mentioned yesterday because many of the people waiting for a setback will seize the moment. But not all will. Some will breathe a sigh of relief thinking it lets them off the hook, that they don't have put themselves on the line and risk top ticking the move. They'll rationalize that the sell-off is just the first leg of the new move down, and they may be right -- anything is possible -- but based on recent action, the higher probability is that they'll be wrong
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