Monday, October 22, 2012

10/19 - L-red, S-red

Market is near support...and from reevaluating the charts, i actually like us going higher from here after a possible 1 more day of consolidation to downward movement....this is mainly cause of IWM, so i would sell my short here or have a very tight stop...then go long as soon as we see some stability....this is a bold call seeing how i should be bearish in looking a the topping pattern across the board...

 

 








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