We went for it this time! A correction was so due now there are reasons to believe all this bearish data will discounted for now. I covered my 68.60 for .10 cents not for the $100 but to re-assess. I was bearish without any help so I can blame no one but once I saw that everyone else was as well-well It definitely had me thinking but not fast enough.
The new range is old range as buy 67.80 and sell around the 68.75 region. As the correction we had hoped for looks a little premature-We are stuck trading today when we psyched to stop adjust. The S+P has recovered slightly as banks have reversed earlier losses. Inflation fears have reared their ugly head after the short covering rally and sentiment once again trumps reality.
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