Tuesday, October 9, 2007

TD Bank Update Oct. 9, 2007

TD continues to show short-term weakness, with an obvious decrease in volume over the last 4 days. In my experience - this is a classic sign of a further drop in price. The buyers at this price level, at this point in time, are running out and sellers will be forced to accept lower prices. It is a vicious cycle where each new lower level makes a new group of stock holders nervous.

In any event, this downturn is only temporary in nature.

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