tuesday trading, page-7

JD88 is correct, trade the news and respond accordingly. The current SPI low is 4437; my SPI short limit is 4409.3. Interbank spreads narrowing; a positive sign that markets are turning. This is confirmation that the bottom is almost complete IMO. "The biggest concern is what's going to happen with the currencies, but I think there's been an effective job of pricing that in and now investors will decouple from European problems and focus on the U.S. fundamentals." See article below....

http://money.cnn.com/2010/05/17/markets/markets_newyork/

http://online.wsj.com/article/SB10001424052748704379004575248511826944480.html?mod=fox_australian

http://www.google.com/hostednews/ap/article/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9FOHKH00

http://www.ecpulse.com/en/topstory/2010/05/17/markets-ahead-brussels-meeting/