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03 Dec
Posted by Sensei @ 5:54 pm on Thursday, December 3rd, 2009 in Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
There was a very large reversal in the market today within about 30min to the close. I took my index funds to cash as the risk for tomorrow is too high. It can go either way and the way it goes will determine everything for next week.
Like I said, the big money banks have been shite for weeks and have been saying down is the trend along with the RUT. However, the RUT had been making a move upwards getting close to a turn up, and boom today they took RUT’s ice cream cone away. Tomorrow is critical to the RUT.

If we break upwards tomorrow and recapture the lines then we are going higher, if not all the undercurrents of the big financials, reversals, and divergences we have all been seeing for weeks will have taken hold.
A doji tomorrow would be a terrible thing to see as it will not offer any clarity.
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