Let It Run

The market has bounced to a level where we should start seeing signs of resistance.

PRE-OPEN MARKET COMMENTS MONDAY - The market dropped 20% from its high and it bounced off of that low the last two weeks. The drop was not a mistake and there are macro issues. During a market transition, the first bounce is typically tall. That first drop sparks a lot of adjustment and it is deep and swift. Conditions don't typically deteriorate that quickly and the move is over-exaggerated. Buyers step in and they have not been discouraged. This is where we are currently.

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