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Tuesday, January 26, 2010

Chart update and Chart of Focus

I adjusted the sloping blue trendline on the SPY so that it fit with friday's close. The markets were up today as i expected (not as much as i had hoped). Futures are currently down but I'm still expecting a bigger up move unless we can close below friday's low.
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Last week's chart of focus was MNI and i said to go SHORT. You would have a net gain of 5%.
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This week, I say go LONG AGEN, it is currently trading at $0.78

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