The action is similar to the board game of Snakes and Ladders. Last week was a short snake and now we caught a short ladder. You have to worry about the big snakes. A 10 % snake needs a 20% ladder to get back to square one. There are a lot of snakes of various sizes prowling the markets.

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Technical Analysis is about avoiding the snakes and catching the ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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