November continues to be quite the opposite action that was visible in October. Benchmarks remain in quiet mode and the question is is this healthy, sideways trade, or bearish churning? The latter is normally associated with higher volume, which is not the case. Therefore we must look at the markets through the rose colored lenses and after all we do have a traditionally bullish holiday week coming up. And not to mention fund managers that may be chasing performance into year end.
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