Posted by: eminitrader August 2, 2007
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The bounce that we saw in the last 2 days is more of a techical bounce at 40W MA. This bounce will not make a new high. In the next 2-4 weeks we might see the market try to advance but will not be successful.
For aggresive traders, you can buy DIA here and exit at the first 1% selling day. For more conservative people, you might want to save the money and wait for a selling to 65 WMA.