We are still bearish in here, looking for lower prices and sentiment.  We want that Zweig oversold to get us cocked and ready for a recovery rally.

 

The Zweig took the slightest reprieve on Friday:

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As did the markets and CVI:

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But our 40 DPI would have none of it as more symbols slipped below the 40 DPI.  Now over 2/3 of the stocks are trading below that benchmark.

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We have our first break of the 40-level on the NH/NL indicator.  First time since June.

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Our trenders remind us that we are bearish and looking for bottoming signals:

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