Fear Rising

I mentioned last night I expect a rally very soon (even if a short one).  One of the indicators I watch to help me determine these turns is my Crazy Investor Indicator.  As you can see from the picture below, we’re clearly in the scared zone.  It’s very similar to the July 15th level and coincidentally so is the market.  So, perhaps many technicians will use the July 15th low as the double bottom area.

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