Monday, November 29, 2010

Range Trading

We are staying within a range of 1175 to 1200 for the past couple of weeks.  This should last till the nonfarm payrolls report if there is nothing crazy coming out of Europe.  Europe will determine whether we break down ahead of nonfarm payrolls or after.  It looks inevitable that we go lower within the next 2 weeks.  If we get close to 1200, I will look to add to shorts. 

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