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Technical analyst Chris Kimble starts off the last day of the business week with some musings about the market in the context of one of my all-time favorite films, Groundhog Day.
Chris comments: Markets of late remind me of the "Groundhog Day" movie: The same thing (patterns all look alike) and the same action (back and forth between support and resistance), over and over and over.
In the movie, Bill Murray's day finally changed. Likewise in the markets, these patterns will finally end as the bulls and bears finally create either a breakout or a breakdown.
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