The $NASI is still pointing down. With that said we were waaaay oversold mid day yesterday. I bought some SSO and a really small amount of RYDEX funds at the close, but I did not expect the bungee cord rally. As I said to Gleno, 3 days of selling covered in 2.5 hours. I think we could continue the rally at least to the mid BB on the SPX.
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