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Posted Yesterday, 02:29 PM

w?s=%5EAORD

 

All Ords closed -1.1% with the resource sector taking a hammering: Miners -2.7%, Materials -2.5% and Gold -1.6%. Telecomms +0.7% was the only green sector.

 

Asia mostly down: China +0.2%, Honkers -1%, India and Nikkers -1.1%.

 

 

On to UK/Europe:

 

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XLF may finally be ready to lift off the pad after back kiss of 72 day yesterday...whole lotta running room above 14.80 now....

 

NQ pushing up towards 6 months high after 4 day consolidation and unwillingness to bust 2600 downside...

 

Like I said yesterday, SOX and Crude were "disturbingly" strong for bears tastes...

 

IF we do steamroll da bears wire to wire today with huge A/D line, be careful out there, as things could just be getting started....

 

Yesterday's pivot low looks very, very big now....am long off of it, but will reverse short in size should it somehow get busted...in the mean time, let's see if bully can fire up the Saturn V's today.

 

I think the waiting game may just about be over, and we may finally see a trend start to develop over the next few days....

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