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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.62-1.2%Feb 5 4:00 PM EST

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To: Johnny Canuck who wrote (46185)6/25/2010 6:22:02 AM
From: Logain Ablar  Read Replies (3) of 70517
 
Hi Harry:

With this beign one of your barometers what are the charts saying?

NYSEBP has been positive for about 2 weeks but the COMP turned down.

I still think this is only a bounce in a bear downtrend. Time will tell but still time to be risk adverse.

On the flip side the Gulf incident and consequences will ultimately be a major boom for existing land oil producers, especially Canadian.

Gold is still not loved as it churns through resistance.
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