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Monday, May 9, 2011

Morning Analysis

A little backtest of the trendline last night, and off we go again. The other trendline is a potential neckline of a drooping head and shoulders top.

EUR/USD daily

I've given up on stocks and am just watching them for now.  The whipsaw price action the last couple days has torn me up day-trading, and I don't want any more of it.  I am expecting more downside, and I've owned puts for a little over a week now when the VIX started looking bullish.

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