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Not Throwing Bull Out With Bear Water

By Rev Shark

 About this article:
 An ugly close negated what was setting up to be an impressive reversal day after the bad news from Intel (INTC:Nasdaq) this morning. Instead, we had a big U-turn, and ended up back where we started this morning. That is a poor technical pattern, but the bigger picture remains the same. The bulls will argue that this was just some late-Friday afternoon games, and smacks of desperation by the bears to keep this market contained. The bears will tell us that the market is still doomed and this late selloff is simply recognition by some of that fact. Once again, the vast majority of my holdings continue to look quite healthy, and I'm not inclined to do any major selling at this point. There is no question this is a choppy market and is causing frustration for bears and bulls alike. But I still have not seen action...

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