Bulls have stopped the bleeding at key levels, COMP 2500 and YM 12736, previous February high. The yield on the ten year found resistance at 50 DMA and that is giving hope to equity bulls. The Fed minutes are on tap at 2 PM.
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on Wednesday, February 21, 2007 at 2/21/2007 11:54:00 AM.
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2/21/07 12:30 PMI dont see how QQQQ can be up almost 1% today
2/21/07 12:41 PM
AAPL upgrade and a MSFT bounce. Also keep in mind that many still think he feds will cut rates (Cramer is one), so until the fed minutes come out, we will get noise. But the fed minutes will not take into account this morning's CPI. We could see a little more distribution this week.
2/21/07 12:55 PM
AAPL & MSFT must have HUGE weight in the index. Cramer is a nut case but I know a lot of people pay a lot of attention to him. I was wondering if the FOMC statement would reflect todays CPI news. I have been anticipating correction for weeks. I dont trade as fast as you do so Im kind of on hold (the goodness in my standing aside is starting to fade) except for a few shorts I wanted to play that have been playing with me, except for CRVL.
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