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Wednesday, June 1, 2011

What a Day Update!

What a day.  Stocks got killed beyond even my wildest dreams.  I could have made more but I can't complain.  The Russell closed down over 3%.  Look at that ugly candle.

Russell 2000 Index Daily

And I think the Euro's done with its silly rally.  Lots of negative divergence, and we took out yesterday's high and closed under its low for a classic outside reversal.

EUR/USD Hourly