In October last year we were expecting the market to correct back to 2002 levels. Well....now we have not only gotten back to 2002 but actually well below that level.
So what we advise our clients right now is to keep an eye on the market and this is a crucial level now.
We are expecting to find a support around 665-670 on S&P towards this and the whole of next month.
Then the report cards season begins and may be we will take off or sink further depending on that.
So sit on the fence and watch the game unfold!!!
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