of a pennant forming on the spy.
the story of the day is the NON INFLATION.... see that was the game... inflation made the market go up and dollar go down... but look at the green bar on the UUP
Friday, August 14, 2009
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Yeah, the play was to short materials stocks-- double whammy. SMN at the close yesterday was the best decision I've made in weeks. (Makes up for a lot of bad ju-ju on the XLF.)
the bounce, if it's there doesn't look large.
it's cyclicals real estate and materials getting clobbered
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