Tuesday, March 6, 2012

Second update

The market has clearly shown weakness until now and the downward momentum is especially strong for the uptrend that started in January. Since there has not been any larger intraday pullback to exit on, I am keeping my longs for a bigger bounce.

The market is very close to the weekly support at 1335, so the downside risk is not so great especially since I have taken only a partial position.

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