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Well they've done it. They've managed to keep the market green all
day and I figure we'll coast out the rest of the day that
I do have a correction to make, I put out LSCC over 4.10, but that
was wrong, I
For several days I've been mentioning that when a market runs up
and then does the sideways shuffle trying to digest those gains, it
often resolves itself to the upside. We're seeing some of that
today, as the DOW is up 70 points. BUT and this is
Another day of crawling sideways. We have to go "waaay" back to
find a time when we've stayed in this tight of a range for so many
Every day they walk us sideways, increases the odds that they
build enough base for a
Up. Yes we're still ... up. They are holding on with gritted
teeth, scratching and clawing their way up. But of course there's
no volume. This is money that came out of bond land and into
banks... who are buying stocks. But it's slow.
Considering the flap over the "new lawsuit" concerning Germany's
ability to go along with the ESM, the market has held up very well.
We're down just 34, when it had the ability to really drop.
While I'm not interested in picking anything up this
So far this is acting a lot like Tuesday. We opened low and
they've walked us back up, at one point almost green. Even now the
DOW is off just 22.
We still have everything. The CLF was in danger of opening below
Well they're in the trenches doing battle. Once again, dips have
been defended and although we've seen some robot attacks, all in
all, they're comfortable trying to just remain stable here.
It hasn't been the easiest trading, but it's trying.
They have done a masterful job of sector rotation, allowing them
to keep the averages pretty flat on the day. So far it appears like
there will be no serious selling. I'm a bit surprised, as we are
really smack up against some tough resistances.
This morning I said the only thing I had bought in the short term
was X, and that's not correct. X was the buy we made early in the
day, along with UTX, but UTX rolled over and we sold it. We carried
So far they've held us up pretty well, but you can tell it's a bit
of a struggle at times. I have no clue why UTX which was doing so
well reversed and plunged starting at about 11:05 this morning, but
it was so fast,