TCM Notes : 7/9/09

• We saw some volume on Wednesday. Morning star reversals were seen in the 10 minute time frame on many of the things I was watching. This made for some good long trades into the close.
• I was a buyer of OCN at 12.35 which corresponded with the 50dma. Support came in big at that level.
• ERY hit it's price objective and could see some consolidation for several sessions. If one felt so inclined they could play ERX for the bounce. Oil is up $1 in the evening session, so we should see some carry through to the long side today. For a trade only.
• TYP still interests me very much if the leadership in the Nasdaq continues to deteriorate.
• All other themes remain the same.