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Monday, May 22, 2006

Technical bounce possible

Friday's closing was neutral with closing % at 65.39. Temporary trend TMI was UP however, the medium term bull-bear strength at -199.10. The DOW may be due for a technical bounce but it may re-test the lows of last week.

According to TTT, it is Shortsale Day that means there could be a nice shorting opportunity. We will be looking for a nice short entry but will be cautious for a strong re-bound which would result in a V-shaped SS day.

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