sp'60min
Summary
After yesterday.... I'm somewhat burned out... so... will be taking today somewhat a little 'lighter'.
Suffice to say... a minor retrace looks likely into 11am.
Primary target is around sp'2090, which is 16pts below yesterdays high.. that would be pretty natural. The secondary is 2080... but I find that a little out of range.
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*AAPL begins trading today in the Dow... having replaced T (AT & T).
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Update from Mr C.
Oscar has been especially loud, arrogant, and pretty annoying lately.... but I can't just ignore him for those superficial reasons. His calls are always worth listening to.
re: Oil to $30.... yes.. that makes sense, and would make for one hell of a buying zone... not least for those energy stocks.
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Good wishes for Thursday
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9.35am... sp'2092... faster we fall... better chance of 2085/80... although that seems more likely on a secondary wave around 2.30pm... than by 11am.
In any case.. it is just a retrace.