9/12/2006

Market not following bearish script

Bears had their hopes raised high when the market had two day correction. If you recall I said it looked like garden variety correction. But the bear were ecstatic and recommending doubling down on the short trade. The market is not following the bearish script so far. Don't be too excited by today's strength. I have used it to aggressively take profit on some of the trades I talked about in recent days. Market is still stuck in range.

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