Saturday, January 5, 2008. SOHO Real time Sun Images. The observation of a high latitude magnetically reversed sunspot signals the start of a new 11 year solar cycle.

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The Dow and SP500 are combined flat for the year and the 7 month price range has resulted in bollinger bands that are the closest in 20 years. Capitulative breadth now down to 6 on the rally in stocks, but still suggestive of some more upside for equities to properly neutralise it.

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