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For what it is worth, the market internals are +900 on the NYSE and +540 on NAZ- so they are pointing North- The fly in the ointment today is the action in the banks and brokers as those charts have turned down on the day.

Final point, has anyone noticed that the OIH is trading back up near the $130 level and about 8% off the recent lows as crude has remained in the $61 area?