Wednesday, January 14, 2009

Wrong is wrong.

My short term timing was wrong today. Overnight futures were severely pressured by the European markets which in turn caused a large gap down below key technical levels. However I am waiting for the close to decide about my next move.
As you may remember, Atilla mentioned about certain banking and real estate problems in UK a while ago. Unfortunately my short term call coincided with a breakdown on FTSE.
In short, I am waiting for the close and post an update accordingly.
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