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Feb 9 2010

February 9, 2010 by admin 


Weekly Trend: Down
Daily Trend: Down
Daily Momentum: ___ Down

There remains a few setups still in the making. A few more days should see them enter our pages. Until then Type-A bullish divergence remains intact even though price dribbled lower. The US action last night was certainly not promising so we stay with the view that we expect a near term bounce followed by another leg lower. The safe trade remains shorting on that bounce.

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