Wednesday, January 11, 2012

Top this week?

Seems like the market is still not quite finished rallying and we might see one more more wave to challenge 1300 as soon as tomorrow. But once it's done, I think the market will start a correction of a higher degree so we'll see the 200 day ma tested almost for sure in the next correction. So I am hoping the market will get very bullish in the next couple of sessions to finish unloading longs. The Trend Average is at 1277 and I will go net short if we get to 1317 (which I doubt at this point on this particular wave but one never knows).

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