Monday, March 17, 2008

Signs of rebound

Although it closed below pivot 599, but price and volatility at extremes. It is a turtlesoup buy following a WR7. Tomorrow's numbers are 600, 592 and 585. It will be encouraging if it can close above 600. This is providing the Fed cut rate by a full 100 basis points and there is no more bad news.

2c

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