Was that a truck that hit us? No just a computer glitch. GLD and $INDU.

Posted on May 11, 2010 by in Letters

As we expected Monday brought a vigorous bounce from the chaos of last week.  Tuesday, today, results in a neutral day.  We may well see another attempt to take the market down and test Friday's low.  A test of Friday's low is most unlikely unless the Texas chain saw sadist attacks the market.  Regardless we think the wide stop we had (9729) is well placed and unlikely to be taken out.

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