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2/2/2012 7:25:26 AM
Our Thoughts For Wednesday, February 2, 2012
The markets broke up out of a bull flag on the daily market charts. A gap up led to further buying throughtout the day before stock prices tappered off into the close. The move i think could set us up for more upside today even though i think overhead resistance will limit any extension moves. Nevertheless i am looking for long setups especially if we can test the 1312 ES area first which is a key Fib downside retacement zone. Look for a reversal move off that level. Good trading and we will talk to you soon.
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