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rjm77me
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rjm77me's Blog : Market Technicians are saying that market found support at S&P index1110 - today closed at 1205

Date August 15, 2011    Comments Comments (2)    Rate this post Recommend This Post (958)   
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Themarket found support at 2010 summer lows of 1110 and tested it two times last week.


For now the market should behave on day to day basis - meaning we can still expect 150 dow points up or down days.


Trading has always been at one's risk. It does not repect any one. It showed it's true color when machine gun trading took place in last 10 days. Who says white color or high tech stuff can not hold market hostage.

Tags : $INX   FXC   WFC   JPM   X  

2 Comment(s):

Author rjm77me     Date August 15, 2011 17:53 Abuse this post Report Abuse
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Look for some short covering - Tuesday will be Europe day - All eyes on what happens there - can be 200 plus up / down day
Author rjm77me     Date August 16, 2011 17:27 Abuse this post Report Abuse
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German data was disappointing - European markets recovered at close of their market.
There was no help for Greece promised in much touted meeting. The euorpean market will likely will likely see red tomorrow. this mean USA could be down 1% - 1.5% in trading - just my views based on news flow
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