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Headed for a Correction

The Arms index is very overbought, and the volatility index shows complacency.
By DICK ARMS Jan 24, 2013 | 07:00 AM EST
Stocks quotes in this article: IBM, BAC, EXC
If it were not for the jump in IBM (IBM), the big upside reading in the Dow on Wednesday would look more like the indecisiveness of the broader indicesIn reality, it was a market in which neither the bulls nor the bears could get controlWe still have a market that is edging higher, but reluctantlyIn the meantime, the shorter-term Arms index moving...
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