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The Money Is In The Thinking (guest: Morris Sachs)

The Market Huddle

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The Oil Downtrend Has Not Turned Yet

Oil continues to be just such an important thing to watch as to whether or not we are going to see the selling stop. This entire rally I was talking with my members over the last week saying, look, it was overdue to bounce. But if the thing can't clear the $78 level where the fib zone is, then it's vulnerable to keep the downtrend going.

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