End Notes
-Market sold off hard into the close
-Financials led the way and never truly participated in the weak rally of the last 2 days. They are now at new lows
-Major systematic issues with FRE and FNM see previous blog
-Steel stocks closed on their lows and stopped going up right at the areas I anticipated. Continue to add to shorts on rallies to these levels.
-Investor sentiment at extreme bearish levels with bullish numbers near all time lows. This could be considered bullish.
-Watch for the plunge lower at the open and cover shorts as soon as the 15 and 60 min. gives the signal
Wednesday, July 9, 2008
END NOTES
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You guys need to check out Corkin.com
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