1. I went to cash just after posting my message concerning a potential rally.
2. Oil is the key to this market. It declined and the $NYA came down--but it did not break. OIH is in an area where it could bounce, and the market will move with it.
3. Bernanke can directly affect this market both through words and decisions. He holds important levers. Period.
4. The setup for a rally was perfect, and it continues to be.
5. If the $NYA fails to break out, if its bases breaks here, it is all over--but not until then.
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