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chainik

02/12/09 10:15 PM

#2548 RE: chainik #2547

I think today's reversal was significant; not because of the TA arguments (based on sentiment or TA, we can easily go to new lows), but because the plan to modify the mortgages might be perceived as an important step towards long-term solution.

I won't wait for the low-risk entry and will try to add EWT below 7 and RSX below 12.