Monday, June 27, 2011

Rally tomorrow?

So far the market continues the nested 1-2 count, which implies a strong rally tomorrow or Wednesday. Also, the market re-captured the trend average and that is must for a real rally to take place. If there is a rally, we should see the 1298 high taken out to solidify the uptrend. While a breach of the 1258 level reverses any bullish progress made in the last week or so. I now have a portion on margin with the the TA as my stop limit.

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