Monday, March 22, 2010

3/22 pre-open

Market down on health care vote.  Every dollar burned now is fuel for the future fiscal fire. 
I1 bounce-back from here to 4/2 is .58 total distance,  too large to ignore (.5 is the ignore level for longer trades).  I don't trade political news.  The real test is how far the market can fall before regaining footing.  10,575 is crucial.  Falling below this turns the tide and will allow me to short.

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