Wednesday, October 31, 2012

10/26 - L-red, S-red (Bullish Bounce Expected)

Stage 4 but a bounce looks very near...if we bounce, as its still overall a weekly uptrend, its possible to go much higher than expected...but from the charts, the smart target is the breakdown support in SPX...DIA looks like the best to go long. Short trade most likely, but not sure until we see the strength of the bounce...or market can be super weak and we just fall here without any bounce at all...








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