Obviously, this doesn't have to "fire" but it does invite a big panic drop to retest the July 2009 low of 70.75 or so. Considering today's rapid plummet of 300 points at this point who can say.
As I noted on my last post I do think people are being too pessimistic. However, they can panic and be pessimistic far long than I can stay solvent if I bet against them. Be careful out there.
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