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CNBC Mad July 3, 2024

Last night i told you that whenever we have an intraday rebound from a big decline based on pretty much nothing, as what happened yesterday around 1 40 to 1 43 p. M. Then you could have a chance for a real run the next day. Ive staked my career on being able to spot bottoms and tops. And that intraday pivot often signals a real sea change in the market. Sure enough after a slow start the dow rises 116 points, s p gained. 59 and the nasdaq jumped. 83 . When the market was once again cascading down, out and out capit capitulation, and then it just stopped. And then it started rebounding like crazy almost into the close because none of the prevailing negatives actually changed the higher Interest Rates, soaring price of oil. The rebound was widely dismissed. Hard to take seriously when the fundamentals havent changed at all, isnt it . But i choose not to dismiss it because these kinds of against the prevailing mood moves can be very ....

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