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Stocks closed mixed but mostly flat yesterday after a more negative open. The Dow lost 17-points and most indies were flat.

The action was actually quite bullish as the indices closed well off the lows despite there being a very good reason for profit taking. Perhaps volatility will ease up, but I still have my suspicion that this rally will eventually fail and we'll get a test of the lows. In the interim, maybe we can make some money.

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