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Investors were nervous Tuesday about the prospect of a hurricane to close out the month. That sent energy prices higher and forced end-of-month tape painters to slow down long enough to tape their windows while still managing a “stick save” into the close.

And, it doesn’t take much to push prices around with volume and stock-supportive news light.


























































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This article has 3 comments:

  •  
    •  • Website: http://www.noway.bye
    at least we know you are long IEF,
    agreed, no interest rates risk yet
    2008 Aug 27 05:59 AM | Link | Reply
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    w/deflation, bonds would be good, at least for awhile - good info on your charts, as usual :-)

    thanks!
    2008 Aug 27 09:53 AM | Link | Reply
  •  
    David, did you ever figure out how the 2:1 double shorts work in IYR/FXI etc?

    I would appreciate your thoughts.

    Thanks for your research and great graphs. John
    2008 Aug 27 12:06 PM | Link | Reply
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