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Richard McCabe Quotes

After a 4 to 7 percent decline in the major averages from their midsummer highs, the market appears to be in a bottoming process... This should eventually provide the foundation for a late 2005-early 2006 recovery during which those averages could moderately exceed, or at least challenge, their summer peaks. - Richard McCabe

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Percent | Decline | Major | Averages | Midsummer |

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I see a lot of technical momentum indicators as very oversold. - Richard McCabe

What's going to happen is that unless the advance broadens out to include more stocks, the advance may peter out by early April, maybe a little above 10,000... I think we might see some kind of pullback in the spring that might particularly effect these very extended large-cap, blue-chip stocks that are driving the Dow and the S&P. - Richard McCabe

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