By Jeff Pietsch
After another week of serious downdraft leaving the S&P 500 (SPY) lower by another -5.3% on the week and nearly -4% in a month, the major US indices are now extremely oversold with the NASDAQ 100 down a record ten consecutive sessions.
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Going into the holiday shortened week, Week Twenty-Seven of 2010 likewise presents a more than proportionately light reporting calendar:
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