Wednesday, October 09, 2013

Market update - bounce time?

So we huffed and puffed and hit (or almost hit) daily DTSTs today an multiple indexes


IWM and QQQ were further from DTSTs and therefore fell more than SPY and DIA.

Now there is a consolidation/slight bounce attempt, but I do not believe downside is over.

But ... paranoid as I am I most likely will cover a lot of positions by the end of this week.

Stay tuned - more to come


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