Not much to update you on. Market volatility has picked up quite a bit this past week as can be seen by the fluctuations in the VIX index. Short term bias seems negative as home foreclosures and a slowing economy weigh on investors confidence.
The system remains in buy mode.
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Tomorrow we may see sell mode? I wonder what triggers it.
If we can consolidate here for a day or so then we could match our previous highs, but if we break support here It's a long ways down. Kind of critical end of week if you ask me.
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