Sunday, December 13, 2009

tech outlook


Look at the day chart. Big support at 1085 for the last 4-5 weeks.

The market is around 1107. the big down trend line is at 1114.Lets see how things develop.
The market seems sideways because every good economic data is followed by an appreciation of dollar which is holding the market back.I am short the market at this level, although i feel the bulls will manage to break it. But i play by the rules and I know when I will get out in case of an upswing.

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