Market is struggling hard to stabilize in midst of Euro-zone crisis. Greek elections are in next 2 weeks and depending on which party comes into power will decide if Greece remains as part of Euro-zone. It looks like that Greece default is imminent but could take some time. What should we expect in near term!!!
Market continues to drop due to Euro-zone worries. How far will it drop!!! The real question should be, is this start of BEAR market or just a correction similar to what we saw last Aug-Oct 2011 period?
Market is in correction as of now without any doubt. Does it mean that the BULL trend which started earlier this year is coming to end!!! For now, this looks like a correction. The real question is how far this correction will continue? There is no way to identify how long market remains in correction mode but there are ways to know when it comes out of correction....
Last week showed us, how market can change directions. What seemed like a rebound has changed into market forming a range. Most likely market may spend next couple of weeks/months in this range. Any time market forms a range, it will keep bouncing around until it can find a directional trend. So how do we know when to enter?
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