Sunday, July 29, 2012

Range Bound Market

While the markets continue to be range bound I took a vacation last week and spent the week up north enjoying the nature.  Markets rallied in the last two trading sessions.  There seem to be a moderate buying activity in the last two days.  However, without a breadth thrust the whipsaw action of the market continues to frustrate the buyers.  Markets are in a channel and in a holding pattern.  Play support and resistance zones and play small.  Do not let small losses get out of hand.

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