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Seasonality, sentiment, and oversold

Posted 11-24-2008 at 05:16 PM by tsptalk
The market... terrible. Economy... a mess. Sentiment... woeful. Maybe that means it's time for a little rally?

After Wednesday and Thursday's drubbing, stocks put together a huge rally in the last hour of trading on Friday after Obama selected Timothy Geithner as the new Treasury Secretary.

[Image]

In a normal market environment, these type of Friday afternoon reversals tend to carry into Monday morning, but...
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