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And by the way, if we have a short signal, it is better to wait until the close to act, because of the Fed's ramp-up action in the afternoon. Beware of the morning gap-up. It would be wise to take only a small position at the close and then after the morning bounce. Let's not forget that the issue is more political than financial... well, at least if you are not living in Cyprus... and politicians do find "solutions" when under pressure.
Pascal
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