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.”

Thursday, March 26, 2009

Lookin' for support on a Weekly Chart

The WEEKLY CHART tells us if this rally is for real we should be looking for support around the 10 week ma of 789.97 and the 10 week ema of 797.12. Of course these ma's will move as the chart evolves, but this gives me a good idea of where a correction to the downside should find support.

# posted by Chris @ 8:33 PM

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