Hi Mitta3I've sold mine yesterday at ave $18.47. Happy with...

Hi Mitta3

I've sold mine yesterday at ave $18.47. Happy with swing trades so far.

I reached that target based on previous resistance 2 days ago that the SP was consolidating around the $18.40. Generally a SP will break past the resistance level for either a few mins or hours before it either fall back (false break) or move higher.

I've watched SPI index and JBH shares, and the last few sessions have been very uneasy as the index appears to move lower at each session. With so many bad news around the corner - emerging markets, US reporting, manufacturing index, budget ceiling, record DJIA in 2013, it won't take a genius to work out that a correction is looming.

Also Jan 14 has recorded a slump for all markets. A research of DJIA for the past 60+ years show that there is a 80% chance that 2014 will be a down year - this is based on actual past DJIA figure - if Jan is bad then the remaining year is going to be bad.


cheers
pcyc