The suggested market scenario if we took out 805 to be bearish worked well!. The market for the most part was after an initial sell off into the 10ET time frame was side ways, choppy trading til Obama's signing of the stimulus Bill at around 2:40-3ET. The market tried to stage a bounce of sorts but the over all trend was down and remained that way into the close. Hope you were able to catch some profits today! Back later tonight with Wednesdays Thoughts.
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