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We had a butt-load of momentum coming into this low. Because of that, if
tomorrow is weak, we will probably set a new low on Monday (if not tomorrow)
and then it will be off to the races until next Friday. If tomorrow is
strong to neutral, then Wednesday was the low for this bottom. The TRIN was
very high all day considering that we bounced so strongly indicating that
there was still a lot of selling. Selling the rallies has made people a lot
of money for the last 3 months. This one will be different but the fact
that mutual funds are seeing so many redemptions means this trading rally
won't go very far or last for very long.
Kent
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