Wednesday, April 29, 2009

First Hour Review 04/29/09




Discretionary, Technology and Financial Stocks are hot all at the same time today.
The market could only correct 38% of the A / B Wave. As the market was correcting, the Futures refused to go lower than its VWAP line. At the 1015 ET bell following a 12 minute correction, the market took off to the upside.
Charles

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