Monday, June 22, 2009

22/06/2009 after market

22.10 amsterdam

What a day! I had to comment. In the morning i wrote the bulls had the edge. I was expecting everything staying the same, there should be a reaction buying from 910s till 940s. But with the world bank report, the market is heading to 880 sooner than I expected.

The first level is 891. I will start buying around these levels with a stop at 870. As I always mention, I am long term bearish, but I dont expect the bulls to give up so fast. There should be a nice 4-5% recovery at least, if not more.(even if the markets will go down again.)

It is getting exciting again. Watch 880 level carefully.

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