We have key reversal day today, that call is like the boy who called wolf though, nonetheless, we appear to be in for a rally. I see 1650 for the NAZ. Since nothing changed today we in for just another rally off a short term oversold condition. Something big would have to come along to change the current down bias, a move above 1650 with news to support it, might be the beginning of the hunt for the upper channel of the long base period we are in for. jmho, in the meantime, there are stocks like PETM, and egads sell your soul to invest in MO, or GDW, GD, LMT, and finally TIER for bottom picking, and buying QQQ puts in rallies and off course for the weak at heart, the techs. Watch the spin in the coming days, I bet you it turns positive if rally does in fact start.
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