Monday, November 7, 2011

Two Options

I think the following two options represent the most likely course over the month of November.  We had a huge runup in October, and the market needs time to consolidate the gains.  Either way we should be approaching the old highs sometime in December.  Patience is required at the moment, and we have to be wary of a false expanded flat or running triangle breakout with the current rally from the 11/1 low.

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