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The support line I have drawn has been thoroughly broken. $87.00 has been holding as the next level of support.
The Dow has a similar appearance.
I am expecting further downside, therefore, I have purchased two investments... EFU, and SIJ.
Had to overcome my natural tendancy to buy more ETF's and more shares.
Will but more bear ETF's when the Nasdaq cracks.
Wednesday, July 8, 2009
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Heck of an arc on that middle 20 BB.
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