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Thursday, April 02, 2009

My comment about a 2 day pullback was pretty good, although it was mostly a guess.

The rally sails onward here helped by the PPT pressuring the change of the mark to market rule. I am not sure that is a long term fix, but in the short run it is going to help.

I would caution people not to get suckered by all the hoopla that is starting to accompany this rally, unless something changes dramatically with what the commercials are doing, this is going to end badly, perhaps shockingly so. However, for now the trend is up and other than short term trades, longs are the choice. Some of my shorter term things are indicating a possible short term short trade early next week but time will tell when we get there if conditions are right for it.

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