6.28.2006

DAY NOT OVER


The markets are drifting higher this afternoon recouping about half of yesterdays losses. The internals show about 800 more winners than losers and the DJIA has 20 winners and 10 losers. Winning sectors include oils, internets, trannies, banks and drugs while the losers continue to be airlines homies semis and brokers.

Notice how INTC and MSFT seem to go up every day? Is that a sign that not one of those hedge funds with every day redemption selling owned/owns a single share?

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