19/06/2013

Well as luck would have it, it turns out I am lucky to have closed the long position already, the market fell 1.39% today closing at 1,628.93. The market initially bounced off of the rising channel then broke through the resistance and, as is often the case when support is broken, it moved down very violently. When support or resistance is broken the movement is often sharp and sudden.

If we get more falls tomorrow then I will be looking for a buying opportunity, especially if I get a sign that a new support level has formed and is holding firm.

Thanks for reading.