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| The S&P ran into the resistance we noted a couple of weeks ago and pulled back this week. |
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| Small caps managed to break out of the pennant formation we’ve been watching and are now testing the break. |
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| Commodities broke their downtrend, suggesting that economic activity mainly in China may be better than most figure at this point in time. |
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| China’s stock market sure does look like it wants to put in an important bottom here. |
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| And the Euro looks to be in the midst of a bottoming process as well. |