You can refer to my November 14th post in order to know the representation of the circles and squares. Some experts grossly underestimated the effect of QE II, hence missed out the rally outside 5th zone (No worries, to certain extent I dint :)}.
For those who are long. I feel that one should book profit at this stage as the markets are trading at an expensive levels. Although there are signs of economic improvement, one should avoid buying equities now, as the risk return trade-offs are not in favor.
Happy Investing!!!
Data: Bloomberg; Wealthy Opinions
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