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Message: Venture Exchange may have bottomed

Despite today's Bernanke plunge, the Venture exchange has held up well. Volume has been falling during the decline, which you would expect during a correction (as opposed to a new bear market). On the daily chart, there's a positive MACD divergence. Also looks like a large bullish falling wedge formation, and it's close to breaking the downtrend line. One good day would do that.

The Venture often leads the overall market. If so, our major correction should end with the summer heat. Then it's off to the races, methinks.

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