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Monday, January 30, 2012

ECB continuing fine tuning operation causing rally and sell off

Market is expected to open higher tomorrow unless Greece mess up something in that case it will provide cushion for negative news. It doesn't matter which data will be given credit for the rally but its ECB fine tuning operation which is causing unexpected rally and sell off. Look at the chart and you'll see the pattern. There has been sell off ahead of fine tuning operation and opening higher on the day of ECB fine tuning operation.

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