Tuesday, January 17, 2012

Market Analysis - Are the markets due for a correction?

Major Indicies all right around resistance. Starting to look unsustainable at these levels. Bearish wedge patterns forming could be an indication of a correction. I would welcome a pullback at this point and will be a buyer on any market dips.

I'm holding the positions I currently have. I'm not opening any new positions. I'm just waiting for another buying opportunity. My near term outlook is bullish.

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