
Time to Buy Small Caps?
MRKT Matrix
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The Importance of Working Off Overbought Conditions
When it was making its lows earlier this year, it did not undercut the prior lows to the current consolidation. The strong move off of the low, something of a double bottom, gets ahead of itself. And now this very tight range bound trading that you've worked off the excess of the proceeding move. In principle, this is the setup for the next advance.
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