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.”

Sunday, March 8, 2009

Chart Watch

The doji candle from last Friday could be a bottom for now. I'll be expecting a nice rally from here if the low from Friday holds up during Mondays trade. A rebound to around 1000 on the $SPX would be 38% retracement of the move down from 1576. I'm starting my new job tomorrow so I'll be focusing more on the daily and weekly charts. I'll be using limit and stop orders to make all my trades. I've added a new link to the Blogs I Read sidebar. Click on DITC to check it out.

# posted by Chris @ 8:17 PM

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