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Friday, September 24, 2010

Trader's Stock Market Trend

Reference to previous post, consolidation last 2 days. SPX opens higher today. Consolidation over and cyclic up (higher high) trend. Next target 1150 to 1170 range for the next one week before pull back again. No major negative event, trend will be up.

Buy on dip at STI (especially marine stocks - blue chip). Laggard will move soon! SSE has been consolidating this week and close today.

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