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HOU
BY: Iverson - July 17th, 2009 - 8:55 AM
+1071 
BY: N.A.Pickle - July 15th, 2009 - 10:27 PM
+658
BY: Iverson - July 15th, 2009 - 9:37 PM
+1071 
Re: HOU
China's forex reserves are now over 2 trillion US! Wow. Thatisn't bad for the world's fastest growing economy and soon to be largest energy consumer. Oops. Was that just a bullish comment for oil...Nah! not for the short term but eventually it'll pay off holding onto oil investments.
Also, the growth in China is 7.9% thanks to cheap loan rates.
This rally we are seeing might actually have some legs.
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Recent strength in the averages have given us a nice rally from a new low this morning of 6.89 up to 7.45 now. Any thoughts on if it will top out here and present us with a new low a couple of days from?