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[wallyw]

my downside p&f projection to dow 13550 has been met and a number of other indicators are indicating a bottom if only a short term one. will this be another 9-% down day? if so, it really takes the wind out of the sails of the bulls. there's no question that it is becoming harder and harder to be a bull any longer. i also have downside projection to 1446 on the spx but i suspect that will come later. is this downside thrust a wedge? i guess that we'll find out.