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Has the Market Finally Hit Bottom? Here’s the Answer…

New Issue Posted 49 Minutes Ago By Greg Guenthner.

All three major averages remain below their respective 200-day moving averages. That means we have to give choppy and/or lower prices the benefit of the doubt until the market begins to give us clues that it has repaired the damage. It also means we might have to endure strong rallies that give us zero follow-through and plenty of fake-outs in both directions.

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