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Thursday, March 5, 2009

Support breaking down, be very careful

A one day rally , thats all? Looks liek it, 693 had been broken on snf S&P 500 and though we remain oversold it looks like we might go very low.
This is the moment when tryign to make sense does not matter, the markets can rally or breakdown huge.
I am going to make some sells and stand asie and watch. There is lot of talk of the 593 level on the S&P 500.
Be careful and cautious.
Good luck.

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