Tuesday, February 19, 2008

Sideways...

It is not that easy to work off a confirmed sell signal. The DOW traversed 200 points and eventually fell back down to reality. Ok we've got $100 oil and where do we go from here. Tomorrow's numbers are 629, 625 and 618. CPI tomorrow and see if it will spark one way or the other. The bias is still down, although the selling sentiment subsided a lot. Well best is to stand aside and let it break out of the triangle before doing anything....

2c

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