Good morning
We remain short on our spread bet yesterday which is now risk free and with a stop at 5955.
The market showed great promise yesterday with the initial decline but 5900 is holding up for now which is not ideal and is why I took half profits at 5906. Major resistance lies at 5955. This was previous support and led to a decline below 5900. The greatest concern is we are clipped out and the market then falls back again.
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Wednesday, January 26, 2011
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