Wednesday, May 4, 2011
Consolidation
This first dip after a strong rally is usually just that, a dip. I am looking at a range of 1345-1370 for the next several days. I see limited downside from current levels until we see the trend flatten out. I don't really see much of an edge yet either long or short. Maybe if this market struggles to go much higher over the next few weeks, that could set up a selloff.
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1 comment:
I agree. i think we are about to get a bounce.
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