Monday, April 29, 2013

April 29 - update

The attempt to turn lower at the end of last week is failing. The market is strong and it will most probably make new highs before a correction starts.

The next few days can still be volatile because the market is overbought, but the ECB announcement on Thursday will pull the market higher in anticipation. Maybe it will also offer a good opportunity to sell before the employment report.

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