Wednesday, March 26, 2008

Mar-26 Daily Market View

This pull back has it's first target on current level around 12450. Second target is 12350. Consider the bad durable good orders, the pull back is somehow inevitable.

Small position can be initiated around 12350, stop loss on breaking down 12100, add more chips when today closes above 12400.

This call is valid for stocks I mentioned yesterday and the day before yesterday.

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