Adrian Abshire Stock Insights

Thursday, June 16, 2011

DOWN AGAIN

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The market sold off again after a bounce due probably to short selling (when shorts sell their stocks to take some gains on their trades).

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I am seeing a support level at 1232 but who knows what the Greek debacle will do in the near future.  I believe the Greeks will not give up and the Germans or other EU countries will help bail them out.

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