Thursday, February 12, 2009

WEAKNESS OR CONSOLIDATION

Are the markets consolidating in the range of 2880 range or is distribution/ unwinding going on at higher levels..Buying conviction is lacking ...markets kept testing the bottoms and closed near bottoms..( Tough markets to trade with narrow range and quick volitality)The range of 2860-2960 is being traded in now..lets see where we head in the next few days..cheers..

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