Thursday, March 6, 2008

Day Summary

Todays drop feels bad, as I wrote yesterday I didnt like yesterdays action and was not too bullish for today and it turned out to be true. IWM finally fired a bearish squeeze today and seems to be breaking out of consolidation of past 4-5 weeks, I feel we are going lower and most likely we will break the lows of Jan22. Todays action was so nasty that I got stopped out of BCO.

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