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, June 18, 2009

06/18/2009

Be prepared for "The Long Hot Summer." Just like the old movie history seems to repeat itself. The charts say this. NYAD says this is a start to a new bull market with the gold cross 50-200. The problem I see is the price of the weekly $spx has not yet confirmed the new bull market! Just look at the White Moving Average. On a daily time frame if 876 holds for support that's where I'll be look'in to get long again. Click the links in this post to look at the charts. I'm headed off on the Route 66 for a long week-end and my wife's family reunion. I've never lived more than a few miles from the MOTHER ROAD all of my life. So, here I go again making the TREK to the Northeast to see, once again, where I came from.

Thanks for stoppin' by to see what old RedDirt is up to.

# posted by Chris @ 8:29 PM

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