Tuesday, October 30, 2007

Small Correction?

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Again the NASDAQ 100 moved up while other indexes dropped down. It looks like today we saw the slide that could be a beginning of the small correction. I’m still bullish in the mid-term and I would assume to see the small correction within the dominant mid-term up-trend.

Yes, tomorrow I would expect to see indexes lower, however I would not risk to place a short trade, since my indicators show that the up-move could be resumed at any moment. I would rather wait for a nice moment to open a long trade.

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