Have to watch how the pullbacks react at this point.
Wednesday, May 20, 2009
U-turn
Most things on my screen were advancing big this morning. The SPY gapped above R1 and advancing issues were way outpacing declining issues. All signs pointing to a possible trend day. However, XLF was flat and not participating and GS, well look at what GS was doing.
Have to watch how the pullbacks react at this point.
Have to watch how the pullbacks react at this point.
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