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March 29 2006
at 2006-04-04 01:40:34
To follow up on a topic mentioned in a recent post, Senators Schumer and Graham have dropped plans for a bill that could have imposed stiff tariffs on Chinese goods if China did not let its currency rise against the dollar.
Meanwhile, today is shaping up as another "Yeeehaaa!" day with great market breadth and up volume currently swamping down volume. Since the middle of last week I've been scaling back into the energy sector (PXD, ARD, FDG, IO, BPT) and as of right now, I'm glad I did so.
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