Tuesday, July 13, 2010

spx

the decline since the highs is quite unlike any other decline since the lows of 666.
hence a bearish possibility remains in effect as of date .the two turn points are 1095/1135 ( i favour the second one) and some more time.
there is a chance that spx can drop to 900 levels in comin time.

so as a market strategy, i will not like to trade or be positional here at 1095 but be a scalper till market decides.

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