Wednesday, November 7, 2007

Intra-Day Update

Took a 2 1/2 point loss on the long position established at 1506.10.

I am thinking that the market will be taken down one more time, perhaps take out the low by 2 or 3 points and then we can look to get back long.

The TRIN is simply to strong for a market down as hard as we are to ignore.

I think you will see a strong reversal, but time will tell.

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