Tuesday, March 07, 2006

A Tick Lower

The markets ticked a bit lower (Nasdaq, Oil) with Gold a tick higher.

Look out for a rally this morning and if it does come, we should be able to add to our positions at around 10-10:30 am, when early reversals tend to occur. Personally, I would love to see a rally because down-down-down action gets oversold too fast.

Our stance is unchanged. Best of luck today.

Cheers,
/Dmitry

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