Friday, June 26, 2009

Several data Points being digeted






the Chart said SEll at 70.6 area 
Savings data said sell at 70.5 area
Consumer confidence up but dismissed 69.75 area

China talk of Yuan replacing dollar as reserve currency bad for market
but also bad for Dollar which is good for Oil 


Careful selling down at 69.1x area unless market gets pasted We turn buyers here 
Say S+P  915  or better    trade out when you get profits because we should go back and forth as we have been a bit


The trend line comes back into focus after adjustments 











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