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TraderBwater

More downside is needed for small caps

Short
M/I Homes, Inc. (NYSE:MHO)  
TraderBwater  
NYSE:MHO   M/I Homes, Inc.
Wave Analysis Elliott Wave
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Don't be fooled by the 4.6% gain on Mar 28 (last trading day of March). Unless it is followed by another day of further upside, I believe that it would need to go down more to finish the WXY correction. The same pattern with the IWM and other small caps.
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