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Homework for Tuesday 2009.01.27

26. January 2009
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ES - Today we had a whirlwind session of extreme highs and lows but keeping an upward bias.  I am cautiously looking at this bias to continue, even in the face of negative news.  In other words, good news will be exaggerated and bad news will be muted.  In the end, I feel we may reach 887-894 area after the next 8-11 sessions, as illustrated in this blog entry.

 

 

 

6E - As with the ES, the parallel channel was broken to the upside, thus I am looking to (cautiously) buy the dips. 

Homework