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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: robert b furman who wrote (2730)	10/3/2013 3:28:39 PM
From: The Ox	Read Replies (1) of 8288

Looking at the intermediate charts, 2 - 4 weeks, today's action has the look of capitulation. The severity of the drop was dramatic. During all the negativity and future fear to put in a short term bottom wouldn't surprise me a bit. Tomorrow will be a very interesting day. Do we get another hard sell to keep the fear factor high into the weekend? Do we get a short term bounce, since we've sold off 9 of the last 12 days (or whatever the exact # is)? My guess would be for further selling but there are a few reasons to consider that today's low would be a good place to reverse course, as I think it would surprise the most people....

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