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Monday, June 2, 2008

Ouch!

Stopped out at 4800 - The number that I was saying is very very important in short term...Well we just sliced thru it so easily that one wonders what is the point of supports?....Its scary to be long now...I think better to sit out for some time...When in doubt stay out - This is probably the best advice any trader ever got but still we always want to be in the market.

Looks like we are heading to 4600 first stop...Then who knows?

Best.
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