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All indices put in a low pivot on 8/17 and have had
four days of up movement. All indices are at price levels for a bearish reversal
and are entering Near Impulse windows for a trend change. The most likely
scenario is for a high pivot between Thursday and Monday and another leg down.
The weekly and monthly charts still indicate the bear to continue.
Regards,
Jim White
Pivot Research & Trading Co.
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