20% Hedged: *1271
...although drifting sideways near unchanged levels, the VIX Close *29.85 added one more piece to the overall positive bias holding in the market - price action remains above the weekly *1237 trendline support - however
...the rally off the November 1 Low *1215 still appears corrective below the 1 August 2011 Low *1273 - 4 October High *1267 with risk of another leg down to challenge the 28 September 2011 High *1187 - potential to reach lower towards the October 9 2011 *1162 support Low before setting a possible floor if support is successfully defended
Kind Regards
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