Tuesday, February 2, 2010


Yes the long awaited pull back came, s&p future bounced 1.5% from the low of the pull back trading around 1088.The long term down trend line is not confirmed to be breaken upwards yet, but it looks like it is gonna be taken by the bulls.

Is it the end or are we going to see lower. Well together with my expectation of dollar strengthening, gold weakening,and market going down, I think this move was for now enough, but for me this is not the real pullback as long as we dont see 1000 or even 920.

This year, better bear mind that a pull back of a big magnitude is high likely. And I still think we will pay a visit to the March 09 lows sooner or later!

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