Friday, September 18, 2009

First target hit

This week I haven't spent a lot of time looking at the stock market. And to be honest, I haven't really missed anything since last week. Then, on Thursday, after the breach of 1039 I called for a wave [iii] to the upside to reach at least 1070. As I'm writing this, the market is exactly at this level and struggling a bit.

It's very well possible that it will even reach my second target around 1125 but I don't wanna chase the last few points, thus I've drastically reduced my long position.

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I'm gonna post some charts tomorrow.