Technicals, March 7, 2012; 7:40am
This week's resumption of 29-Feb's bearish divergence in short-term momentum clearly confirms at least the intermediate-term trend as down. And by virtue of the extent and impulsiveness of yesterday's break, the market has defined yesterday's 3.8830 high as the corrective high and risk parameter the market now is required to recoup to jeopardize the impulsive integrity of a broader bearish count and possible break below 17-Feb's key 3.6935 low on an active-continuation chart basis.
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