Biz Direct MarketKnowing When To Make A Good Decision

In last weeks column I wrote the following: the sideways correction, as viewed right now, has some downside implications to it. A total reversal to the downside is not expected, but corrective action to around 3.4830 is reasonable and probable.

As it turns out, support around 3.4830 held quite well, with only a couple of intraday spikes going slightly lower, with one daily close as low as 3.4821. For the last four days the market has had higher highs.

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