Nov 6, 2012

Short term update

Update 08.11 - the trend line and support level broken. So the correction will last longer as I thought and SP500 will touch at least the 50% retracement 1370-1375.

Wow its developing so fast if you blink you will miss the action:))
Huge candles mark the beginning or the end of a move... after 7 weeks correction the logical conclusion is that todays huge bar should mark the end of the correction. I expect bottoming in the next day or two.

Current thoughts....

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