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, May 16, 2010

Probably Range Bound

We could be setting up for a range bound or sideways trade for a couple of weeks. Looks like support will be 1100 to 1104 while resistance should be drawn from the April high to the 1170 area high of May. We could channel sideways or make a descending triangle pattern before the next big trade comes along.

# posted by Chris @ 5:58 PM

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