Thursday, February 3, 2011

Bears Need a Down Day

The window of opportunity for the bears to strike is now.  Ahead of a likely strong nonfarm payrolls report, the bears need to operate today.  If they can't get this market down more than a couple of points, they are going to get blown out of the water after the nonfarm payrolls come out tomorrow.  There is still stiff resistance at 1307.  Egypt will be a total nonfactor by next week so bears need to get working.

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