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dmlabuda

07/08/11 1:44 PM

#933 RE: GhostMOMENTUM #883

See no reason to get excited here. Most of the volume yesterday was won by aggressive selling and today's price action so far confirms that. I would have to say that this looks more like just a bounce in a bear market. As of right now, there is no sign of a market bottom on the chart. The chart does appear to show a shift in momentum but that is neither significant nor does it really change anything. Therefore, in my opinion, the trend will prevail.