Wednesday, October 19, 2011


Not much today other than the correction continues but sideways. Unless we get a strong sell off that will break 1190, I see this period as consolidation to move much higher. And then we'll see a proper Fib correction so I am looking at the TA as a guide to start adding longs. I assume the market will break the TA this week so we'll see what happens then. The TA is at 1202 and the FTA at 1213.

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