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This Dithering Market

By Rev Shark

 About this article:
 The market reversed back down following a big-dip buying surge on the weak open. It is fairly unusual to see early strength fail, but it has been more common in the last couple of weeks. The dip buyers are taking advantage of their second chance today, but so far, they only have us back to about even on the day. Other than yesterday, we haven't seen the buyers being nearly as aggressive as they were a few weeks ago. Yesterday had the feel of what we saw all summer, but the action today is of a dithering nature, which has been much more common in the last few weeks. The biggest problem I see now is that the majority of technical setups are shorts. We had a breakdown and now we are bouncing back into some resistance levels. Even if you aren't inclined to short, the...

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