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This Market Is Just Going Through a Normal Cycle of Ups and Downs

James "Rev Shark" DePorre

Things did look quite panicky overnight but as the open approaches the computer algorithms anticipated the "buy the dip" trade and had the indices flat at the opening bell. This is technical action that is exacerbated algorithms that are now reversing much of what they have been doing for months. What I'm waiting for are some signs that the big macro moves are slowing and the stock picking will start to matter.