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Re: goodolboy post# 5162

Thursday, 05/14/2009 3:36:55 PM

Thursday, May 14, 2009 3:36:55 PM

Post# of 14996
Nope, 5.48 was just a "peck" (technical term - lol), below support. Not to be confused with a "breach". :) Back up we go.

What I like today is that the financials are moving up on light volume. This tells me that this is more daytraders playing a short-term (dead cat) bounce vs. a trend reversal. The trend is still down and will continue next week. Very good news for FAZ, IMO.

gltu