Vaulting 1. 1 did feel better than the kind of run of the mill rally because it was as broadbased as you can get. And thats a terrific sign of staying power. But we had a real thicket to get through. Lets parse what happened today and figure out if the market can keep rebounding, because its not clear to me that it will. First we came in with minus 5. 46 , not as negative as it was a couple of days, but still a coiled spring. You know i fall the sbfs religiously. You have many down days, you can almost count on a bounce. I like to look at a years worth of the oscillator, we bounced on levels in august last year at almost the exact same readings, and then the market roared until this threeweek selloff. Its weird that the market can still bounce because it means there are rationality to things, but not every oversold bounce has staying power. In august and in early october did not in retrospect indicate a true bottom. Matter of the fact, things went right back to being awful. So maybe it
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