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Tuesday 29 October 2013

Stock Market Analysis

The market followed yesterday's pattern earlier, going up higher even after breaking below support
That was why we were willing to continue buying even after it broke below support & won
But the risk is still higher today as the market is unstable
Apple's support @ 530 also turned into resistance but it might break above later
Not quite safe to trade anymore after Consumer Confidence plunged the most in 2 years
Trading today will be at a higher risk

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