Short Term Things Look Right For More Continuation Up

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February 9, 2009

Not withstanding the action tomorrow, the charts are still pointing higher for the short term. I should preface though that I’m not a believer. The market is still at a pivotal level and I’m mostly waiting to see what market does in reaction to the stimulus. So I am only long SOLF, still short the Euro, and own the GLD. Other than heavily in cash.


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