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Monday, July 5, 2010

Bears beware: The market could see a sharp rally soon

I'm going to go through some signs that rabid bears might do well to pay attention to because I think the market is very close to a major bottom.

... We can probably expect an explosive rally soon, even if it ultimately turns out to be a counter trend rally in an ongoing bear market.

First, way too many people are counting on the head and shoulders pattern taking the market directly down to 850. Folks, historically these head and shoulder patterns have a success rate of about...

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