The collision of global markets and social mood

Wednesday, February 15, 2012

Quick Plan

Having some trouble today with my trading platform. Downloaded the latest version and it trashed my primary indicator which was custom made. Very exasperating.

As long as the S&P stays above 1337.35, new highs above 1354.32 are projected. The ideal target is 1370.58. As mentioned yesterday, the longer that level remains unclaimed by the S&P, the longer the non confirmation remains between the S&P and the Dow, NASDAQ, and Russell, thus adding to the risk of a significant correction.

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