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Wednesday, June 1, 2011

June 1

Current thoughts. Honestly, I really have no idea what the short term count is. The strength of this down move was a surprise. You can see from yesterday's chart, I was expecting a pullback, but not this severe.

However, it looks very bad on the SPX and Financials (XLF), but the COMPQ and RUT seem to be holding well above last weeks support level.

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