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depending on today's close, it could be 2nd day in a row that stock push up higher in the mid session, but close lower. it shows bulls start
to wear out.
currently it's all news driven, market has priced in the "fiscal cliff" resolution. it's betting deal will be reached no matter what. with time running out,
people will start to realize that it's possible it may not get resolved. sell off is soon to follow. my personal take is temporary deal is going to be done, just to push real one later. I expect starting from next week market will be down, could retest 1350, or even lower.
a good trading idea is buy UUP call options. now matter what deal it is, compromise is needed. government speding is going to cut, with some debt
control. more likely dollar is going up. if we fall off cliff, dollar is going through roof.
again, this is news driven, TA/FA don't work. don't bet big.
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