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Sept. 5 (Bloomberg) -- The Organization for Economic Cooperation and Development lowered its forecasts for economic growth this year in the U.S. and Europe and said they may be reduced further as borrowing costs rise following the collapse of U.S. subprime mortgages.

Broad selling accross the board. NQ is still strongest for now, holding 76.4% of the correction at 2015.50. Nevertheless, we have overbought conditions and the path of least resistance could be down.
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