Bullish traders may love this remarkable contrarian signal

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Early futures action on Friday suggested Wall Street might be able to make it three positive days in a row. Chastened investors will be wary, however. It hasn’t benefited either bulls or bears of late to assume a march in either direction can be maintained for long without containing sharp reversals. For example, within the last six months the S&P 500 SPX, +0.99% has seen a 16%...

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