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Monday, May 22, 2006

V shaped Shortsale day



As expected in the pre-market earlier post, it really was a v-shaped SS day.

Selling continued in the first half of the day followed by up-side breakout all the way to 11175.

When momentum is holding above zero and the stochastics cross up, the uplift power gathered forces and the down trend was reversed, at least temporarily.

For tomorrow

Selling may continue but should not be too much.

BUY above 11040.

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