Since the Oct 10th low on the Djia(7,882), market has bounced (lightly) off 8,100 - 8,200 on 3 occasions.
The 8,200 level will be perceived as ST support, which should allow for an overdue ST relief rally, possibly back to the monthly high of around 9,600 on Nov 4th.
However, LT trend (and market conditions) remains negative, so selling will resume as this ST high is re-visited. (imo only)
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about to bounce soon big time or its 4000, page-34
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