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Thursday, 06/23/2011 8:04:44 AM

Thursday, June 23, 2011 8:04:44 AM

Post# of 8312
I'm on travel again this week, so posts are not timely. Here's yesterday's comments:

Last time, I said that while we had a ST Sell from the WSS Options Oscillator, I was thinking that one ought to wait to take that trade. We thought that a decline might not come except from substantially higher. These rallies often blow right through logical resistance levels and this one did as well. One can see the wisdom of that call. I'm open to some selling today, but very shortly, the powers that be are going to start discounting the statistical strength of the 1st. Given that the trend is turning up, and all the bottom spotters support, we ought to use any weakness today to buy. The Daily MACD crossed up giving a "Best Fade" Sell.

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