Thursday, July 21, 2011

DIA/QQQ

I'm thinking we get a reversal right around new breakout highs.

 DIA has a bit further to go and may not make it.

The Q's should be able to make it, this is where I'll be looking to add to short positions.

Note Initial Claims came in at a disappointment, yet the market continues to rally. These rallies are set up in advance as we saw last Friday and Wall Street is taking the market to their target, news doesn't matter, unless they use it to further their cause.

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