Thursday, August 11, 2011

Afternoon trade

If we get above Tuesday's high of 1170 on the S&P there will probably be a run to 1200.  If we cannot break that then call 1100 to 1170 the new range and we'll bounce around there for a while.  As with the last couple days it's all in the last hour.  If it gets near 1170 and then pauses and starts to come down that might be a good place to sell out today.  Retail sales tomorrow morning can really set the direction for Friday.

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