Cusick’s Corner 06-21-2012
Defense is in play today but the rapid drop caught many traders off guard and by end of day had wiped out 38% of the rally off the June 4th lows. We could see an attempt to bounce into the overnight trade and into the AM but that could be just weak shorts taking profits. It is clearer after today’s action that we are in a confirmed trend down. The bid could pop in at 1310, 50% retracement of this month’s rally, but the market will stress if there’s a break of 1300, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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