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ItsAllCyclical

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ItsAllCyclical

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Friday, 06/30/2006 12:02:25 PM

Friday, June 30, 2006 12:02:25 PM

Post# of 19037
Seems like yesterdays rally was mostly short covering and window dressing imho. This may continue a bit longer, but I don't think there was enough from the Fed yesterday to justify a big move here. They're still watching commodities per the statement and guess what....commodities are zooming again. Still treating this like a ST trading environment.

Had no shorts going into yesterday and still don't. Markets would have to get overbought before I'd consider that again.

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