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Message: Today's Market, Day After Thanksgiving

On OTC - DROP stayed above the mental support of 0.400, which happens to be the 14Day MA, and a technical support level. Other technical support levels look to be 0.30 (50Day MA), then the lower BB of 0.2100, both of which are rising. Pointing those out because these penny plays can be a roller coaster ride. Wednesday's volume was 877k, which is significantly high for the day before a long holiday weekend. A recent Tiger/Fuse story claimed that product will be available on the Company web site by the end of the month. Including today, that is three and a half trading days, so not much time for piling in. Pre-Market shows some pretty decent buying upside at this time. If the rumor in the story becomes true, there should be some upside with higher support levels.

Today is a short market day,closing at 1pm ET. S&P and Dow both broke lower support a fewdays back, so some pain to still come. Next support for Dow is 11,000'ish with range being 11,000'ish-12,500'ish. Eurozone still messing with the US Markets. Tuesday's Spain bond auction was bad, and Germany's Bund auction was worse. If there is no Eurozone country looking to borrow by throwing out some bonds today, maybe US Markets can maintain current levels. Typically, the day before Thanksgiving, and the day after, are slight up days for the US Market. And today, Black Friday, is usually pretty good for tech and retail stocks. Since the day before Thanksgiving was a bust, today might follow suit. Monday, for those looking forward, usually sees slight profit taking.

Hope everyone's weekend is a good one.

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