Tuesday, June 26, 2007

Huge volume on XLF last 3 days. Not quite sure this is the intermediate bottom but picked some near the pm lows and sold the 36s for 2.5%. TLT had a good day. Remains to be seen if today's pop on the NYAD to 4+ and R2 can hold though 2 articles in the new issue of TASC suggest it won't.

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