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Monday, October 26, 2009

Oct 26 EOD

Several charts - SPX Micro, Pattern, Daily.

Financials were also leading this mess down today. Wave down does not yet look complete. SPX (financial-heavy) *almost* counts as a complete five down, but look at the INDU, COMPQ, and NDX. They mostly moved sideways all afternoon.

I think we have more weakness before the bulls decide if they want to put in another rally.

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