Monday, May 11, 2009

Addendum

As just published in the play for today, I was expecting to see whether we got a sell signal this morning: it has now developed.

We were quoted in the 4470s to 4480s in pre-market and have opened in the 4450s and are now quoted in the 4440s.

I was expecting support in the 4440s as quoted below, but let's see what happens. I am still short and will look to add if momentum intraday stays negative, but I have moved my stop at 4510.

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