Jan 1, 2013

Short term update


I wish you all the best and I wish you and me to be a better traders in the new year 2013 :)

The futures recovered before the open, market breadth indicators were short term oversold and the fiscal cliff drama gave the indexes the reason to rally.... so the red scenario has played out. My plan stays the same - lower high 1435-1440. If I am wrong 1475 here we come (the red line).

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