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本帖最后由 oldpigwang 于 2011-12-7 20:56 编辑
Tactics that Work in Good Markets and Bad
ZACKS.COM
PROFIT from the PROS
Flirting With a Breakout
As I shared in recent commentary, the market has been trading in a clear range since early August. The downside support is 1100 and the upside resistance is 1265 (where the 200 day moving average sits). Monday we flirted just above that line for a while before settling in a notch below at 1257 (which is where the year started).
The catalyst for these gains is growing expectations of success in the Eurozone. Many are predicting a "Shock and Awe" barrage of new strategies this week coming into the European Summit on Friday to help contain their debt crisis.
I too think the odds are fairly good of them impressing investors this week leading to a breakout to the upside. However, if they stumble, then we will fall 5%+ in no time at all. Place your trades accordingly.
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