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Meisler Says "Too Soon for a Downside Move"

Helene Meisler makes her case this morning on realmoney.com that the market is still too oversold to go right back down, she favors it doing so "in the latter part of Feb." Feb.  Meisler does serious technical work, so I take her seriously.  With that in mind, if the market doesn't continue her overbought rally scenario, and of course she says it doesn't have to go up every day, then I think that's another indication that something may have changed in the big post-Mar 2009 uptrend, a possible change that I have been wrestling with since my Jan 19 Instablog on "Key Decision Point Imminent."