Tuesday, June 23, 2009

We Won't Be Fooled Again

Don't assume this is a big move down. This is a perfect scenario for the market makers to pull in bears who think this is going to be a big move down. We are at some key resistance/support levels on the market and in key sectors. The market can go either way. Better off waiting for more data and more confirmation.

I believe we are in a trading range which has just widened and you have to play the market that way. Buy on big dips, sell on big moves up. Could be a fun time ahead for traders.

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