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Monday, May 7, 2012

Bombay breakdown

It looks like the Bombay index broke down.  It bounced back some today and did not close below the low of the break down day.  Therefore, the break down has not been confirmed yet.  I would wait for that to happen before entering INDZ the inverse fund.  If the index ends up recovering back up into the trading range, then it should be safe to enter INDL and look for an upside break out from the pattern.


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