Wednesday, November 5, 2008

Short and sweet


The markets have settled into a trading range(which it does 60%-70%) of the time. The high volatility makes it important to focus on price and to protect your capital and profits as if your life depends on it. The sell signals are fresh and support levels are flimsy. We had a vicious bear market rally the past week but failed to make a higher high...so down she goes. 875-850 are highly likely.

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