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Stocks resumed their corrective action as rallies continue to be sold, although we saw both buying of an extreme dip yesterday along with selling of strength. That created a spinning top formation on some of the charts indicating indecision on the part of investors. The Dow did lose 172-points, off the 400+ points it was down earlier. Meanwhile small caps gave up a big early gain to close down sharply. The dollar was up and bonds were down again, testing their recent lows.

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