Wednesday, August 10, 2011

Where is the market going?

Here's my take at the levels to watch.  At best the market will go up to the previous high, but this wold take some time.  The speed of the drop was very fast, don't get in the way.  Play the market only at the levels with reasonable stops. 'll be watching the top white line for a short down to the botom white line.  As the market approaches the top white ine, I'll be watching to see if there are other sellers.


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