Thursday, December 21, 2006

System update 12/21

The markets gave back all of their gains yesterday closing in the red once again.

The headline story for today will be the gross domestic product for the July to September quarter. The number came in at 2 percent, off from the 2.2 percent annual rate estimated a month ago. Markets seem to be ignoring the number and are trading higher in early morning trade.

The system remains in sell mode.

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