02 April 2007

Closing Time

So they made new lows and then ramped them up into our original goals over 1790...more go nowhere, paranoid, pathetic range bound trade...so if and when we break out of this 1770-1805, it could be a major break...odds look kind of even for direction...pressure building though.
Tensions have seemed to ease a bit between Iran and Britain but that could change as oil just might have found its' footing around $65.
New highs there with $3 gasoline right on time for May may dampen enthusiasm for equities. We don't guess though, we trade what we see...see you in the morning...jfg.

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