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August 18, 2006

Tongue Tied

Today's session constituted one of the more tedious options-expiration Fridays in memory. Rather than attempt to extract meaning from a dearth of data or belabor previous points, I will simply wish everyone a good weekend. Next week will be quite important as the bulls are challenged over the validity of this week's rally. We have many crosswinds in the realm of seasonality, volatility, and technical levels. How the market reacts to all these factors, as well as any economic news, will provide more fodder for analysis and insight into the market's future.

For those of you hungry for a bit more substance this Friday afternoon, I encourage a review of the last several posts by Martin Goldberg, a respected technician who never fails to provide lucid and clever insight into the state of the market.

Disclosure: None


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