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January 12, 2011

Bad News Bears

For an equity bear, there was nothing good about Wednesday's session. Prices gapped higher on the open, driving indices to new, bull market highs, and just when the action threatened a bearish intraday reversal, stocks turned higher to close near the session high. We have now seen 7 straight sessions rally into the close. Furthermore, our trend line tool has not been very ...

 

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