Double Bottom

You know people are funny sometimes
'Cause they just can't wait
To get hurt again
--Phil Collins

Consistent with the muscle memory pattern, big rally yesterday followed by a mirror image melt this am. This puts most major indexes in position to test a near term double bottom.

You can bet that bulls will make a stand here in an attempt to avoid the abyss and weekend chatter. After all, Monday will be October 29--a 'black' anniversary of sorts for Wall Street...

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