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Thursday, February 18, 2010

Today is the "TOP" for this oversold rally?

$110.50 target has been reached on the SPY. I doubled down on oil shorts and I'm holding Gold shorts. To my surprise, commodities have been relatively strong with a stronger dollar.

*and i will say that today will be the high of the oversold rally. if it isn't, look for $111.70 on the SPY

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