Wednesday, August 5, 2009

Wednesday's Update

The market was able to close above 1000 few days ago and we are seeing some selling now. It should trade in the 980-1020 range for few days to weeks and we could see a minor correction after that. It is probably a good idea to take some money off the table if you bought anything on margin.

Once it gets down to 930-950, then it might be a good idea to use the margin again.

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