Friday, November 16, 2007

Another volatile session

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Another volatile session: We saw strong opening (as I mentioned yesterday), strong slide down and strong recovery.

The Friday is over – November options are expired – now we should expect less influence on the market trend by option traders.

I still see the possibility that the market could be traded lover on Monday morning. However, I would expect the market move higher over the next few sessions, unless my indicators about mid-term resumption are wrong.

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