There is Always
- alphatrends
- October 28th, 2008
another level of potential resistance when the market experiences a counter trend rally. That level appears to be the close from last Thursday (near 3050). A pullback towards 30.00 (near the 5DMA) would be ideal, but not necessary, for a new level to launch higher from. Be careful not to let your guard down, protect gains.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
-
Brian Shannon is a full time trader (with 20 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
-
-
-
Archives
-
