8.09.2006

CHAMBERS OF EUPHORIA


Its Wednesday, which means a 79% chance of a gap fill. Well not sure it will happen today with the large gap as I type (NAZ +14, SPX+7), but probably some of it will, so a short entry near the open may be a profitable play.

Why the gap up? A fade of fed pause reaction and guidance from Johnny Chambers. Certaintly a good thing that there are no backdating problems at CSCO.

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