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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (18467)6/8/2006 12:43:18 PM
From: PuddleGlum  Read Replies (1) | Respond to of 23958
 
A lot of stocks and indices are breaking support today. While it otherwise looks somewhat like a capitulation day, I don't think that capitulation days commonly occur at support. They get pulled out of thin air. So, while I believe that we'll find a bottom in the next week or two, today is probably not the time to get bullish.

I was doing OK until today. Ouch. I'm bruised and battered now.



To: Galirayo who wrote (18467)6/8/2006 1:58:26 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Ray

ROFL on the fully furred bear comment. I agree, things are getting a little nervous on the bear side too. I elected to go ahead and cover PEIX just under 25 (it's getting way too oversold)

Most of the market is getting too oversold also, it appears that the bad news is out (now if Bernanke will just STFU) we should see a bottom and bounce.

Ken


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