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Tuesday, May 26, 2009

Market Thought... heads up

The VIX (surprisingly enough) jumped up nicely today in early trading.

Was this due to repositioning of the fund or true fear, I do not know. But when I see things like this, and the fact that the SP500 is still holding its high 800 support, it suggests the market may actually hold here.

I eased up on my shorts, and purchased some FCX on weakness today. Also, got into F again (as it is now consolidated).

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