Friday, July 24, 2009

Short term weakness, intermediate term is up

All the likely Fib numbers or likely wave target are to the upside. Regardless of how manipulated the market was in getting to this stage, at this point--here it is. I see resistance on the Nas at 1957 and therefore kept with 2X shorts from yesterday afternoon in place, with stops proportional to Nas at 1957.

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Insightful and Useful Comment!