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Frank Pembleton

03/09/09 3:40 PM

#18529 RE: ItsAllCyclical #18528

yeah, that's what I'm thinking - XGD.to will close below the 9, 20, 35, and 50-day MA, but still above the 200-day MA. I can see it opening -up- tomorrow morning, if the markets continue to be weak...and if/when the rally fails then I'll start looking to short from the next pivot point.

...that's how I'd like to play it...if not, cash is also good.