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The implications according to Clydes' indicator are that we may still see additional selling. Since the beginning of the bear market the chart indicates small reversals in an overall down trend based on the high volatility spikes. It looks like we still have additional downward pressure before we see a turn. We will have to wait for the volatility to move higher before we have a turn to the upside.
Clyde thanks for your various observations and input to the list
That's my guess.
Richard Jonec
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