Apr 18, 2011

Short term update

The indicators and market breadth indicators has shown the right direction.... again:)
The correction is not over. This sell off, more than 200 points, makes more probable correction to at least the 50% retracement level.

P.S. Look at how the sell off stopped just shy of the support line and the lower line of the channel has been touched for the fourth time... I love TA:)

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