Thursday, June 12, 2008

No turn yet...

Did not close above pivot 612. Traders were cautious ahead of PPI/CPI tomorrow. Friday's numbers are 616, 611 and 605. The Nasty together with AAPL and RIMM are turning south. It is risky to leave positions overnight. There is no buy signal yet and even if it is turning the near term resistance is 619ish.

2c

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