Tuesday, April 22, 2008

04.22.08 - Pullback

We are getting the pullback I have been discussing and it's deepening by the minute. I wouldn't have guessed it would trail this far, but the prospect of $120/barrel oil is weighing. Cumulative tick is very negative -- I'd hold on to those shorts. Maybe we'll see some support around SPY $136.50 to $137.00

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