Long-term investment plans should be made using fundamental and valuation analysis. Short-term we can learn a whole lot more from the price action. This is basically an update for an earlier post.
The green lines represent the upward trending channel we are in right now. We just hit the upper line of the channel as prices are heading for the 1,365 range. This will be major price support (orange lines) as well as the continuation of the upwards trend (green line). By the time prices go down for a bounce we will be near the 50 day moving average for further support. As it sits now we are looking at a little pullback that should have a bounce around 1,350 ? 1,370.
How should you play this? Get ready to accumulate your favorite stocks very soon.
Source: http://aggressivedividends.com/2012/03/23/market-update-it-is-a-trading-game-now/
navy seal team 6 tim gunn tim gunn built to last obama state of the union address 2012 obama speech terrell owens
No comments:
Post a Comment