Monday, February 28, 2011

Waiting for Clear Direction

No Trades this week. Markets are in some kind of turmoil. I am expecting a move downwards on this bearish bounce.

It would be better for overall market if SPX moves down to 1286 area (50 day Simple Moving Avg) to clear all the excess to start a new wave up.

Till market gives a clear signal, please hold on your bullets and preserve the ammo and health.

I will post in between if market gives a buy signal.


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