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S&P 500
5,522.30
(
1.58%
)
US TECH 100
19,012.00
(
3.88%
)
Dow Jones
40,842.79
(
0.24%
)
Brent Oil
81.41
(
-0.13%
)
Bitcoin
64,183.01
(
-0.64%
)
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Charles Living

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Alias Born 02/12/2012

Charles Living

Re: None

Friday, 08/03/2012 4:14:17 PM

Friday, August 03, 2012 4:14:17 PM

Post# of 531
Let's take a look at the Markets:

The markets has experienced a strong rally due to comments from Draghi last week soaring passed 13000. With the Fed and ECB falling short on Wed. and Thur., it dropped back to high 12000 levels only to shoot up again on the jobs report.

Today was excellent opportunity to close out positions and take profits. But, is now the time to buy back in?

I would hold off a bit since Monday or Tuesday is showing a possible retracement from these highs. In fact, I'm setting myself up for a bearish position (only as a daytrade).
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