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Somebody's gonna be wrong

The Compound and Friends

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Dietrich's S&P 500 Futures Chart

Hedge funds are the most bearish in 13 years. There's a net short of minus 321,000 contracts on the S&P E mini held by quote large speculators. The average gain when we see something like this 93% above their 10 day is 18 and a half percent. This has historically been a good buying indicator.

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