Looking for a digestion day today so I don't expect much to happen. Right now it is very easy to say the market has shift to a downward bias but I would wait for confirmation and since we have none so far I am still holding a few longs with minimum risk. One of the main reason I am against a full downward trend here is that I still have some time cycles saying April or June should be a cycle high in the market so that makes me overly cautious on the downside than more than a trade.
We will see as the digestion take effect.
Wednesday, March 16, 2011
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