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May 17, 2010

Flight-to-Safety Abates

Based on the weak behavior of equities during the last two sessions, it is becoming less and less likely the May 6 mini-crash was solely the result of a program trading anomaly. While I continue to expect the current daily cycle to form a recovery, the warning given by stocks by virtue of testing the lower Bollinger Band during a mere daily cycle low should be heeded. The cyclical bull is ...

 

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