Thursday, August 11, 2011

Possible bottom still in place

The possible bottom I posted about on Tuesday is still in play. I will continue to hold this belief until we close below the daily low of 1101.54 sometime in the next few days.

Going forward, I expect to see more upside. However, be careful as the market is still jittery and prone to selloffs.

As the market normalizes, I will be posting more trade setups. Check back often and follow me on twitter for my latest thoughts.

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