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Sunday, May 31, 2009

S&P 500 Rally Is in Last Stages, Aurel Says: Technical Analysis

It does feel like the market is slowing down. Time for a correction? Maybe time to move to Cash

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May 28 (Bloomberg) -- The two-month rally in U.S. stocks is in its final stages and a correction will take place in the coming weeks, according to a technical analyst at Aurel BGC.

“The speed of the market’s gains is slower and slower,” Paris-based Alexandre Le Drogoff said in a phone interview yesterday. “Mathematical indicators are showing the market losing steam.”

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