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September 23, 2010

The Wheel of Fortune

After a valiant effort at posting a positive reversal today, equities melted away in the last 90 minutes to record a third straight loss. Two of the last three sessions have now hosted a late-day meltdown, which is not very conducive to the near-term bullish case. Several oscillators I follow are approaching oversold levels, so we will receive another read on market internals once ...

 

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