Jan 22, 2012

Weekly review / Седмичен преглед

The Indexes continue moving higher but I think the next move is correction.
There is still no bearish signs but I would not chase the equities at this point. The price is far away from MA50 and it will fall back to it:) that is sure:)

My target for the pullback is 1250-1255 where the cluster is of different support levels - MA50,MA200,38.2% Fibo retracement, reaction of the same size like the last one.

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