Flip a Coin

February 25, 2010 · Posted in Weekly Posts 

The market gapped down below the lower trend line this morning and then…got bored and meandered. This is not the action of a market ready to sell-off so this may be a false break-out. The message is tread cautiously. The dollar seems to be having difficulty maintaining any gains today and gold is actually rallying. There is a good chance we probe somewhat lower but unless we see a clear sell signal we will refrain from shorting.

More later…

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