Wednesday, December 21, 2011

Follow Through...

The question today is "Will there be a follow through?" The futures started up, when down after news from Europe and then opened nearly flat. The market started down for the first 45 minutes or so and now looks to be slowly correcting.

The question above is important and will lay out what we can expect over the next few days. TNA is trying to break out of the wedge pattern. A follow through day should allow it to continue higher going into next week. If the market heads down today we can expect TNA to go back to $40.00 and possibly $36.00.

Very important day ahead.

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