Thursday, June 11, 2009

Retail not all it cracked up to be







They are reporting stronger retail I'm hearing what I heard last night that the numbers are a little skewed as a result of the pop at the pumps.  Euro has wobbly legs unlike most other currencies vs. Dollar. 
The technician I consult has finally turned bullish so it may be safe to sell now.
You would be crazy to take a stand against this beast but trading with stops from either side 
is not such a bad idea as you can see from the chart I took a couple fliers from the sell 
side and covered for a scanty profit.  Slight resistance at the Globex high at 72.3
currently 71.65. I have some business to attend to but believe this can be traded from either side again today.












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