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Monday, May 04, 2015 3:16:50 PM
I was earlier lamenting on the conditions of the stock trading that it might be poised for good later (based on prior data last week).
I'm still undecided overall here, although can't help but feel somewhat favorable for odds on it to improve if RSX keeps slowing down, which is what i also was pointing out earlier last week here in prior post.
But I can see how what I said could be confused for bullish statement.
I was speaking in terms of favorable conditions for RUSS set up.
RUSS is at a point where anything is possible (50/50) in near term.
It would not surprise me if it sees new lows soon, but here given current circumstance it is mostly just guessing.
I prefer to error on side of caution yet.
Looking to see if sell off type 'cleansing' to new lows occurs--- as I've said in recent past.
At that point (low 6 area or 5's?) I'd feel more confident about this being very oversold and over due for a trend reversal
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