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This week has seen some extreme volatility in the Stock Indices. Monday’s extreme move based on a news event makes developing a high probability strategy difficult. As you will see in the Briefing, there is a longer-term possibility of another move lower, however the intermediate term suggests a low may in. The past week has been completely driven by the news and it has not been rational. Next week should give us more information on where value is and provide a higher probability strategy.
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