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Author: Mike Celeste Editor: Tony Ponzo June Circulation:


Re W Plays for today---
The W play on the SPY was a profitable trade when the market rallied during the day.

Both IPI and FDG made their goal of 1 1/2 points to the downside--they were being watched by all of us--the W spy play was the main papertrade test play, and could have been bought a lot cheaper today than my purchase price at the close yesterday--but both were able to get nice profits.

We will look later, when the data is available for any W stock papertrade test plays for tomorrow. If there are any, we will let you know, preferable before the market opens. In the meantime, Nas has been down 3 straight days, so that Indicator is pointing to an up move sometime tomorrow.
Let's see what happens.

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