09 April 2007


Market internals mixed with A/D lines negative (1191-1675 on the Naz/NYSE 1456-1567) and up/down volumes positive (2926-1805 and 1860-1256). Financials essentially flat with GS and JPM slightly to the red and MER down .50...watch them to flip green as I imagine the bulls will try to run them up as a preclusion to lower prices the rest of the week...new lows put us on the sidelines...for now...jfg.

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