If we didn't start earnings season I would be setting up shorts here for a pullback but with earnings season at hand I expect us to slowly grind up to a out of range overbought situation. I will be looking at some spots higher to get on board. There is a possibility that this could be the pullback in progress after hitting the 1286 BUT earnings is the outside element here.
1302-1305 area if we get there might be a better short by my analysis.
Thursday, January 13, 2011
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