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[RT] Tuesday Direction



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RealTraders -

Monday the major stock indexes formed V-bottom patterns.  The NDX
had a wide range and extreme close up.  A very significant number of individual stocks displayed this same pattern.  The put call ratio on Friday closed at .89.  However, volume Monday was light and we are in a bear market. So, Monday's close looks like a good place to take light Long positions to play this bounce or turning point low.

Steve