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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48296)	7/17/2012 8:39:22 PM
From: 2MAR$	1 Recommendation Read Replies (1) \| Respond to of 70770

MOS earnings report set the fert's on fire again today with the draught worsening CF POT AGU while GS got a pass early on but after the open then faded from $100.50 when IMF downgraded the global GDP & Uncle Ben painted a dismal picture of the US job creation putting pressure everything selling down even the fertilizers . Then as usual crazy logic comes into play what is bad news is good news for QE hopes , stocks started bouncing off the lows , some pretty good bounces CRM off 125 again for the 6th time , AMZN off 214 , AAPL , GOOG MA & PCLN i especially liked for it was holdig this low 635 area really well . Even WLT finally showed some bottoming in the coal space as money managers looked like they were covering shorts lately & some even doing bargain hunting . CRM i have shorted with abandoned but also gone long everytime off 125 getting tagged which it did again this am & sure enough bounced for the 6th time there for a nice 2pts but was weak & being pressured all day into VMW earnings which just happened to beat enough a/h tonight to send CRM back up to $130+ and it poppin 5pts . The beggining of "wild & wooly" , this 125 pivot has held so well its automatic buy long ...