That is what a fear bottom looks like. I don't think it is the ultimate bottom, but we retested the 1040 support zone and bounced again strongly. The market doesn't want to go lower for the time being, so that means we go sideways or higher.
I remain long.
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- Everyone is a Contrarian
- Volume Rising
- Spastic
- Light Volume Selloff
- Obama Speech
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- I'm Out
- Psychology of 1040
- Only 5 Points Lower
- Fear Bottom
- Fridays
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- Hourly and Daily Timeframe
- Low Put/Call Ratio
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- Lack of Shorts
- 1040 Support
- Economic Data = Land Mines
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- Long For a Trade
- Doom and Gloom
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- Bull Nor Bear
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- Bottomed Today
- Selling Ahead of Time
- August Friday
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- No Conviction
- Hedge Fund Underperformance
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- Another Slow Day
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