Monday, June 21, 2010

6/21 noon

Cash stock indices also count complete, but I1 is up until the close.  My tactic is to use futures and cash short-term M/As until late afternoon.  Bonds are up from my pre-open buy.
When splashy news occurs over the weekend frequently the market peaks early.  That's why the bonds, but I1deserves to be played according to it's rules, which are into the close.
Support is at 10,505.  If it goes below 10,465 then I1 is being overridden by the realization that the splashy yuan news is totally irrelevent.

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