Thursday, May 27, 2010
Very Little Resistance Till 1100
Remember, it is an airpocket up to 1100, so now is not the time to go short. Let the bulls have their day, and market will be ripe for another downturn. The higher it goes, the more bear fuel there is. Resistance starts from the 200 day moving average around 1100 and then at 1107. I doubt we can top 1107 on this run up.
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1 comment:
remember in beg of march you started shorting at 1125 after mkt dipped from 1150 to 1040. also you said last week your target for a bounce this time is 1125.
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