Thursday, December 15, 2011

Correction Continued

The correction continues and I am inclined to think there will be one more leg down until the correction ends. Whatever the market decides to do, so far all these waves from 1267 look like corrective waves so we should see a chance of mood to the positive side sooner rather than later. In a way, this type of market is great for swing traders as the European issue will be used over and over for sell offs and for rallies. It really depends on the current social mood. Hope we'll get more clarity tomorrow or Monday.

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