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No, the Cavalry is Not Riding to the Rescue

Posted By Barry Ritholtz On August 9, 2011 @ 2:49 pm In Markets | Comments Disabled

Yet another intra-day reversal does not bode well for stocks.

This morning, I laid out the various oversold condition. All of them suggest we could bounce; none of them make it a sure thing.

Selling will continue until it exhausts itself . . .

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