Tuesday, August 16, 2011


The correction started today as expected and I am looking for the Fib retracement levels as targets. I did see a count that calls for more upside before dropping to the Fib areas but I think the markets have started rolling over. I went hedged at 1196 (on my trapped 1321 position) hoping to improve my cost average on my trading portfolio. Technically speaking I should be obeying the TA which is at 1174 but I am testing the TA system at the minute level, so we'll see what happens tomorrow.

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