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Nenner's calling for the PMs to bottom soon. Venture is fast approaching areas where it had bottomed before. 1400 is the Dec low as well as the May 2010 flash crash low. The Oct capitulation low and the July 2010 lows were around 1350.
So Venture could start to bounce in a few days - which would coincide with Nenner's PM bottoming time frame. Of course, it all seems too neat & tidy for this to actually happen......
