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Wednesday, December 21, 2011

The market behavored very bullishly today

I said yesterday that I was still betting for a year-end rally. Well I'm a bit more confident for it after seeing what the market was doing today. Dow Jones opened lower over -70 and further dropped to over 100 at one point. However, it fought back strongly and closed actually +4 points positive. Similarly for S&P. Technically speaking, this is a very bullish price action, suggesting a good day tomorrow, barring terrible news coming in overnight. We will see how it pans out.

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