As of this post, we are in day two of a monstrous move in the markets. I would love to believe that the overextended downside moves are finally starting to see some relief. I do, however, worry that we may just be seeing some end-of-the-month lipstick being put on the pig…I mean bear behavior. Yes, I know there is no such thing, but it’s hard not to think otherwise. Much technical damage has been done on the charts, so the repair will take some time. Join me from my desk as we talk about the participation that’s needed and the narrow tape that was on this Halloween note.
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