Tuesday, February 22, 2011

Markets

When in doubt do nothing. That's what I think we are in now, doubt mode. The market looks higher BUT I expect a pullback before we tackle that fib level I mentioned in past post. Beyond that I am also getting some projections up to 1427, which is where ultimately we will end up.
Now I am flat very flat as we are too jittery here and when the pullback comes it will allow for a excellent risk reward for longs. I would not be short here as I think the pullback will be shallow.

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