Notice on the Three Line Break Sentiment chart that further downside is needed before
any confirmation of a major low being put in place can be called.
This is one of the reasons that I strongly believe the market is not done with its decline.
While a sharp short term rally has very strong odds it will be the precursor to lower prices yet again.
I still have my August 24th time frame as the date for the low.
Time will tell.
Friday, July 27, 2007
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