23 June 2011

23 JUN 2011, Thursday (AM)

  • Glad to have stepped aside for yesterday's FOMC meet.
  • Still below all MAs (20, 50, 90), had a brief rally Tuesday to relieve oversold, overnight action is showing weakness.  
  • Downtrend reasserting...back to shorts if good setups present...which with the big overnight gap down, they may not.
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