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Wednesday, October 21, 2009

Momentum Was Short Lived...

Hi all,

Nothing much came out from the latest "Shaven bottom" candlestick pattern which was detected earlier...it went down to about 40 plus pips & pull itself back up...hit my stops & got a measly 19 pips out of it...

Now that the market is too unpredictable with no clear signal on it's direction, we better stay on the sideline & wait...

As always this is the best time to do more research & some read up...see ya !!!


"People who buy headlines eventually end up selling newspaper."

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