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[qqqqtrdr]

We are at support at this point on the indexes both in moving averages and in Fib retractments... Elliot Wave has both bullish counts and bearish counts, and put/call ratios are not showing guidance. Also we are not much oversold short term... At this point I am taking a look at my Trend indicators which are lagging and weakening... The truth is 7-day $NYAD continues to show weakening in the internals as of yesterday and will likely continue today... Rydex Ratio shows too many bulls still and eludes that we have more downside at this time... Barry