January 27, 2012

  • Staying below 200 Hour SMA will extend correction. 
  • Breaking below the support line shown in four hour time frame will favor bears.


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore