Light volume indicates that stocks may be running out of buying interest. Nevertheless, prices remain highly oversold and sentiment remains overtly bearish.
We suspect that even if prices dip back near lows, it will just spark another oversold rally. It is doubtful that the ultimate lows are in, but it is almost equally doubtful that the market is going to be able to take out Thursday's lows before it first rallies and shakes out the bears.
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