Tuesday, September 13, 2011

Still Looking For Higher Prices Overall

While the market was higher on lighter volume today than yesterday, I think the choppy upward bias will continue with a couple more shakeout attempts.  By the end of month and maybe as soon as early next week the upward trend should strengthen.

I could be all wet, but I am not seeing the development of a major leg down at the moment.  Nevertheless caution on all long positions is advisable.

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