Correction Higher In Risk: Correction Is Likely Finished
Corrections higher, that began on 5 February 2010, have likely run their course. Risk and related assets will likely come under pressure from today onwards.
Marginal new highs (above this week's highs) are possible for most global indices, however I consider the likelihood of sustained upside to be very small.
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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