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Re: 2bit-nothing post# 90332

Thursday, 11/05/2009 9:24:43 AM

Thursday, November 05, 2009 9:24:43 AM

Post# of 389544
unemployment rate expected to rise another 0.1% to 9.9% . . .
also, possibly, the drop in overall unemployment claims could
largely be due to the expiration of benefits.
Definitely not bad numbers/report ...
but notice that pre-market action has not indicated that
the Unemployment Report was surprisingly good.
I wouldn't jump on that Up-train yet ...
let the market tell us some more about where she wants to go.
Read my Free BMO Commentary for Support/Resistance levels . . .
personally, I'd like to see the Market break and hold one of those
before opening any heavy positions in either direction.

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