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Wednesday, March 21, 2012

Pullback Coming 3-5%

A market pullback of 3-5% is expected shortly (as early as tomorrow). I'd leave my FAZ position open for few more days. There will be no trade today.
 
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Posted by at 7:30 AM

2 comments:

  1. dustinMarch 21, 2012 at 9:22 AM

    I'm curious why you think so and why you have not opened another trade to take advantage of the move.

    ReplyDelete
  2. MyWealthyOptionsMarch 21, 2012 at 10:56 AM

    Market is showing the sign of tiredness and I know some of the institutions are recommending bear calls for this week. Apple's momentum is the risk to market pullback. It is never a good idea to put all eggs in one basket. Already two positions are open which will benefit from market pullback.

    ReplyDelete

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