July 7, 2011

Short-term: 1 green, 3 yellow
Intermediate-term: 3 green, 1 red
Composite: Bullish

Changed the composite indicator to bullish so I fully expect the market to go down from here. This bounce looks far too sharp, fast, and on low volume to be successful for long. But until it actually meets some resistance/selling, it would be foolhardy to say that it will reverse.

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