Wednesday, June 23, 2010

Really Bad Housing Numbers

Really negative housing numbers sent the market downwards quick this morning... I am looking to get short again at 1086-1087. I've been scalping shorts off the 1084 price, just taking small profits as the market is turning a little flat at the moment. We have support at the current lows on the day at 1080.25. That could be a bottom, but I am leaning on seeing new lows. The only thing that makes me suspect of continued downside movement is that the flush down this morning was on very low volume...

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