Today\'s late-day turnaround is quite encouraging. This is the first time since this sell-off started in mid-October that we saw a 400M+ volume in SPY. This on a traditionally low volume Thanksgiving week-day sends a pretty strong signal that the bottom is near or may has been here. The fact that the Chinese market appears to have established a double-bottom last night is pretty encouraging too. Now we just have to see if we can get some kind of follow-through rally to the upside to confirm that we indeed have a bottom in place.

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