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Politics : RAMTRONIAN's Cache Inn

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From: Tom Caruthers	7/16/2008 2:42:28 PM
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Today's general market action, though positive, lacked conviction. Volume both on the buy and sell side was unimpressive. That being said, we are near strong support for both the DJIA and S&P500 indices so I think the bottom is very near. We are likely going to get whip-sawed at the bottom here for at least several sessions. Once we put in the definitive bottom - around 10750 for the DJIA (we almost hit is the other day and may have been close enough), expect a rally of 1,000 points. Good luck! Tom

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