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Sunday, February 28, 2010

Waiting For Clarity

The market has been chopping around within the range bounded by its recent support and resistance level. The SP500 is confined in the 1085-1115 trading range. Until the market breaks out of this trading range and provides some clarity on its direction, I will exercise patience and limit my trading activities. Since there have not been much changes for the market indices, I will just post an updated SP500 chart. Support and resistance levels for all the indices remain unchanged.