light volumes continue

    Posted by ditch on 15th of Jun 2010 at 12:22 pm

    We are testing yesterday's highs and volumes suck, 25 day 15 min. volume is 83 million shares, today we only did 4.15, this is very dangerous, tighten your stops. IMHO

    The falling dollar appears to be helping the market

    Posted by panaspor on 15th of Jun 2010 at 12:55 pm

     I bought some shorts, I am wondering how much higher this market can go with the dollar dropping.  I just might get stopped out.

    ppanaspor- yep the Falling US Dollar

    Posted by matt on 15th of Jun 2010 at 02:18 pm

    ppanaspor- yep the Falling US Dollar is helping the market, if you listened to my weekend commodity newsletter, this is what I discussed in detail and why I covered the US Dollar in the beginning part of the newsletter, I stated that the Dollar looks like it has made an intermediate top and that a pullback should help the general market as well as commodities work their way higher

    http://breakpointtrades.com/controls/preview.php?nl_id=477

    they're propping this corpse up

    Posted by jbidmt on 15th of Jun 2010 at 12:42 pm

    they're propping this corpse up for options expiration

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