If it is to happen, the decline should happen soon. For an immediately bearish scenario, the market should not advance beyond 2498 on DJ Euro STOXX 50 Dec'08 future (~3% from Thursday 27 Nov close). Targets are around 7.5% lower from here.
Making money is a PROCESS. It takes time. ;-) I trade not today, tomorrow or next week, but when opportunity arises.
Opportunity is EASY trades - easy to establish (with little doubt) and to carry (with little worry about them). When there is a "maybe" there is no trade.
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