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Monday, November 28, 2011

Europe Stick Save

Looks like we got a market near-term bottom Friday, as Germany and France announces a "stick save" for the crisis.  It can't work, but that doesn't matter.  The market has sold off hard, and on any good news, a relief rally should happen.

So I'll hold off this week in charts until the close Monday, to show the "bottom" depicted.

I may move harder into cash in a week or 3, when a relief rally looks ending.

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