Sunday, November 29, 2009

So are we due to correction?

Thanksgiving has been a very positive for the markets , especially on Fridays. The fact the last Friday ended red has been a poor suprise for seasonality traders and bulls as well.


I consider Friday action as a try to minor the damage for the bulls as relatively they did pretty well.


The overall picture remains positive. Take a look at the new 52 NYSE lows which is running on 10 for several months and this pattern is very typical when bottoming.


Good trading


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