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Wednesday, August 11, 2010

08/11/2010 After Bell Quick Summary

The bottom line, the short-term trend is down and I hold partial short position overnight. I expect at least 2 legs down. We’re now in the very 1st leg, which I don’t think will last long. I’ll present evidences in tonight’s report.

As for tomorrow, because today is Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9), so 67% chances, it’ll be a green day.

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