Bullish Roller Coaster
The market took us for a real ride today. We sent a note out to members well before the open when the Dow futures were down over 100 points on rumors of a pending Israeli attack on Iran. While we didn’t get the high volume capitulation selloff we were hoping for today, this action is good enough. Traders stepped in and bought the gap down right away, and we moved into positive territory by 11:00 (the better-than-expected ISM report certainly…
Tuesday, July 1, 2008
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