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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 695.59+0.4%4:00 PM EST

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To: TraderMann who wrote (9679)9/9/2010 1:04:49 PM
From: Copeland  Read Replies (2) of 222478
 
You may want to consider covering after the Fed balance sheet is revealed.

The recent bounce seems to be associated with the POMO bond auction today and the pseudo jobs report. Given the lack of volume, this sort of stuff (POMO) will move markets far more than usual. More of them are coming up in the next few weeks. This only leads to more volatility and directionless movement.

Bear stuff seems to be getting trashed today... Gold, et al., but holding support.
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