Daily Report : Back to back buying thrust; HiLo Logic Index suggests the wash out is about done

Barring a collapse into the close, we're on track for back-to-back 90% up volume days on the NYSE. When we get consecutive 90% up days - with that being the only condition - gains were remarkable.; In late January, there were a lot of technical warning signs that had been building. Now, we're seeing the opposite. The HLLI for the NYSE and Nasdaq have both dropped to an extremely low level and should start to recover, suggesting that the market is washed out.

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