Wednesday, March 9, 2011


Much like me, the system is indecisive on which direction the market will break when it finally breaks out of this consolidation pattern.  It is generating another hold signal today, suggesting that waiting on the sidelines is the prudent thing to do.  If I had to guess, I would bet we'll break to the upside... which probably means we'll break down.  Either way the market is coiled, and the resulting move will probably be violent. 

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