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Tuesday, January 31, 2012

Tuesday, 1/31/12 update

There's no push behind this market from either side as witnessed by the flat line in the Vindicator Buy/Sell for the last few days.

The expectation was for a flat or triangle type correction in the ES, this looks like a triangle developing - and the lack of bull or bear conviction fits that scenario pretty well. So the most likely path is more choppy and uneventful action for the next few days or so followed by a shot up towards the highs of last May.

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