Thursday, December 20, 2012

Mixed Signals

Yesterday provided us with some mixed signals, yet, I think we still have room to head higher. After a great day on Tuesday we should have expected sometime type of pullback or consolidation which is exactly what we got. The question we're all wondering is if buyers were taking a profit or if the sellers know something we don't.

According to the MTT this was only consolidation. The market should bounce back today and continue going up for the next 2 - 3 days. With that said, follow the MTT.

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