Tuesday, January 1, 2008

2008 New Year

Hope everyone had a good rest. To recap, buy on Dec18 and sell on Dec26 and remain short. Review of last FOMC minutes this week should reinforce the fact that the Fed was concerned about inflation. Monday's housing number did not excite the market. Near term target for OEX is 680 or lower. Watch 689, 687 and 684.

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