Breakdown ?

Political events over the weekend tell us that we are in for some very exciting times. The 2009 May election has become absolutely open and unpredictable. Not just in the results that may come out, but also in the new alliances that may be formed after the polls. A third front govt has emerged as a distinct possibility. While all of this lends to good TRP’s and entertainment, the markets may possibly take it in the chin. Let us be optimistic. Who knows that a decline leading to the elections may actually become the last leg of this bear market ?
For day traders, sell on rallies, sell on an opening range breakout. Do not go bottom fishing if you are an investor. Swing traders have it difficult since overnight positions with short selling may be difficult and there is no setup that offers buying. Why not keep your money with you ?
Have Fun!