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[andiron]

Trend is up but smelling an exhaustion on friday...means behavioral capitulation as in media and w/ long traders patting themselves on back w/ oomph .. this would possibly set up for monday NR and then 3-4% decline into mid FEB...ES1280-1290 would be good place to get long for what i see, as of now, the final hurrah of the rally.... I am short SPY on friday w/ some longs in GOOG/RVBD and LNKD.. Tech is THE area to trade long for some time....

Edited by andiron, 04 February 2012 - 05:56 PM.