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.”

Monday, March 16, 2009

Who Would take a profit Here?

We knew that this 29 day ma would tempt many to take a nice profit. The thing I'm watching is where support will appear. Should it be at the 5 day ma (moving average) it will lead to another leg up to the 65 day ma. That means we could soon see 820 for the S&P 500. A break below the green 5 day ma would more than likely lead to a retest of 666 for this major average.

Good Luck with all your trades,

RedDirt

# posted by Chris @ 7:22 PM

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