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Message: AAII Sentiment - off the extreme bullishness

Looks like the correction has chased away some bulls. Bulls down 17.6 to 40, bears up 4 to 32.5. In one week, we went from extreme bullishness back to the long-term average. This is a rather large move in one week - definitely positive for the market. It supports the possibility that our correction is of the A-B-C variety. We could be in the B wave now. (I suspect we will still have one more down leg before the correction ends.)

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