Analysis:
Yesterday's Analysis predicted that "the cross current of economic news from the US and Europe will continue the tug of war between the Bulls and Bears." Today the market traded in a range and finished slightly higher. Looking ahead to next week, the market will be vulnerable to a downward correction, since all the bullish news this week failed to push the market above 1,251, and any negative news from Europe will cause the market to drop towards 1,228-1,230.
Strategy:
Rolled over short -- long Dec. at 1,243.40 and short March at 1,238.55
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