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Amateur investors Weekend Market Update:

http://www.amateur-investor.net/Weekend_Market_Analysis_Jan_26_08.htm

Although we may continue to see an oversold bounce in the near term as the market has become very oversold at some point we may see a retest of the lows made on Wednesday. Once the retest occurs that will likely give us a clue to whether the recent lows will end up being a significant bottom or whether the major averages will eventually go even lower.

Click on the link above to see the charts and past performances after a down January.

RtS