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I will say if someone gave me any sort of odds on a V shaped bounce today coming off a late day selloff yesterday that had pushed the S&P 500 to (if you use exponential) or below (if you use simple) the 50 day moving average, I would of taken the opposite side of that wager. I would have been wrong. In front of a market moving economic report premarket Friday, no less. I have been scratching my head at some of the things we've seen from an "action" point of view the past 4-5 months; I continue to scratch.
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