Monday, October 02, 2006

Trim / short - Bank holdings - Oct 3, 2006

BKX Index: Showing signs of slowing with peaking momentum at these levels.

Strong run since Oct 2005 -(given new fed announcment)

Use Sep 29 highs as resitance level -of 114.

Vulnerable area in the market place - and usually has served as a good gaudge for broader market direction.

Stock specific area worth a note here as we start october -

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