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To: westpacific who wrote (4975)11/24/2009 9:27:32 AM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
Yesterday's rally retraced about 5/8th of the preceding decline in the broad market. SPX retraced about 100% of the decline and the Dow Industrials went to a recovery high. There is a potential change in trend late Tuesday (after possible early rally) and could be the next significant change in trend back to the downside.

Disclosure:

Short Financials via SKF and short EUR/USD via EUO. I've been accumulating on dips.