STOCK MARKET WATCH 01-09-2012

Consolidation patterns continue for the overall market indices today as the volume also quieted down.

Volatility in the stock market is starting to slow. Market consolidations can be very healthy for the market and new leadership can arise.

I now anxiously await for a confirmation day. A confirmation day is simply a session where the overall averages climb well in excess of 2% on very high relative volume. Until then my position remains cash with no exposure to US stock market.

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