Thursday, February 25, 2010

See-Saw

See Sawing week to week. We are down 160 point after just 15 minutes of trading and I am just waiting for a break either way to take advantage. Though you know I am a medium term bear that does not been we don't play on the long side in the shorter term, problem here is we are in such a narrow range it is best to stay neutral till be get a firm break.
Last year I stressed on this phenomenon could happen of a longer term narrow range bound market, I personally think this is just a preview of what we will see longer term.

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