Monday, June 07, 2010

WEAKNESS IN SEMIS


200 day moving average being tested, if blue support line broken in a close, wont be good for overall market.....lots of trades moving into gold.
If market weakens, gold positions that have done well could be sold to raise cash....is there a safe haven?
LIBOR rates remain at elevated levels. So far, not a good response to FRI drubbing. Just a technical market folks, traders see price staying UNDER 200 EMA.....they may begin to layer in shorts.
D

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