RED DIRT TRADER

This blog was designed as a place for me to store links that I find helpful. These posts are not investment advice. If you’re looking for advice call your GO BROKER. My belief is the person who cares most about my investments is ME. My hope is the readers of this blog find the sidebar links as useful sources of information while attempting to learn how to manage their own money. As for advice, my Dad gave me the best I’ve ever heard, “Never trust anyone else with your money or your woman.”

Saturday, November 3, 2007

Down Week for the SP500

A down week for the SP500 but as you can see in the CHART it appears to have found support along the green band. If it happens to close below that band I feel a retest of the red support line is possible. It's possible we could make a similar pattern that is seen to the left side of the big dip from August. That's it for now I've got a big game in Stillwater tomorrow I must attend. So I'm off to bed. Good night.

Labels: major indices, stockcharts, technical analysis

# posted by Chris @ 12:14 AM

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