Thursday, September 22, 2011

Quick Note

No changes on anything. The reaction today is possibly the start of the next phase down in the markets as I've suggested over the past few weeks. You could look at the action since the Aug low as a giant bear flag chart pattern, though it is large and messy.

I plan on retaining the TWM trade and moving the stop up soon. Then once new lows for the correction/bear market are made, I will start trailing a stop behind support area and let things work down as far as possible.

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