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Pre-open thoughts about the New High New Lows for Monday and Tuesday.
Yesterday the AMEX(@FIAH) and the 34d Market(@FIOH) and the Small Cap(@FISH)
all had more new highs than on Monday. That is kind of surprising for a
down day on the major indexes. That hardly seems to be precident for more
downside. Infact the more volatile, thinly traded issues may be a clue to
what comes next in the bigcaps. That reasoning would imply a trading low
may be at hand.....per Clyde's QQQ heavy volume chart at the pivot low on
Tuesday.
bobr
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