Thursday, February 2, 2012


Hi Folks,

I am growing more cautious on the market short term. The moving averages on the 30, 60 and 120 charts are flattened or flattening. The 4 hour is still not flattening and did bounce off the first touch of the 34 MA as I had mentioned in my post a few days ago. There still is room on the upside and I am not long term bearish yet but that can change. I will be looking for short term trade setups today and will post if I find one worth mentioning.

Thanks and Good Trading,


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