Thursday, September 2, 2010

Cooldown after a big rally

Market is stabilizing. More and more indicators confirm bull return in SPX.

After the rally market had yesterday, I feel it's normal.
Next step is to perform close monitoring of bull fakeout.
Late night or early morning tomorrow I'll write a post about the basics of volume-based fakeout analysis and will show you the battle of RIFIN.

As per moment there is a nice fight at semiconductors ($SOX) promises heavy bull turn and gain estimated to manifest in the next 16-20 trading hours.

Good luck!

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