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Pushing On A String

One traders view on the markets, credit, and geopolitics.

Tuesday, August 22, 2006

Market Comments:

The market seems to want to push higher. There was aggresive buying in the first 5 minutes of the day. Market Delta registered a reading above 7000 in the ES. However late comments by Fed Head Moscow? on inflation started a sell off. Buyers defended the bottom of the NDX range at 1561 and ES 1297. Volume was very light.
Posted by James at 5:03 PM

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