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What the market is telling us

7. April 2009
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The market just can't make up its mind on which direction it wants to go.  Easter is this upcoming weekend, so it makes any move suspect.

As of this writing, we are currently at a 0.618 pullback from the 3/30 low to the 4/5 high.  I am going to watch the overnight action closely to see if it wants to play out the scenario shown in the chart below (2 hour chart).

Lesson