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Buzz & Banter

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Just wanted to pass along some quick technical tidbits this a.m.

* The Optionable Bullish Percent indicator, an intermediate indicator, reversed back to Xs through yesterday's activity. It is now at 80%, matching the June high, but so far not exceeding it. Two thoughts here: 1) this sets up a higher high, and nearer outright sell signal at 72%, when this indicator inevitably does reverse down. 2) whether this indicator can exceed the 80% level will be very important in the very short-term.

* The dollar is a disaster so far this morning. I'm following the December contract and see support in the 97-97.20 area, but this makes two consecutive point & figure sell signals.

* Every broad market indicator I follow is above 70%, the high-risk level. Every indicator. Is this 1982? You know my big picture belief is that it's not.

* The good news is that even if it is 1982, and my big picture view is wrong, think about how much more upside there is left on the table in the long run! As always, the key is to have enough capital left over to stay in the game if your views are wrong. Gulp.

* I was prepared to write Vinny Vidi Vici this morning, but a critical breakdown in play calling on third and one last night makes that impossible.

* Hey Toddo, my family stopped hunting back when they invented those things... what are they called?...oh yeah, grocery stores.
No positions in stocks mentioned.

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