Update: CORRECT! The market was hitting a trend line, resistence, on low volume. Now it's bounced of in high! Check it out:
[caption id="attachment_328" align="alignnone" width="500" caption="Check out the two lines on the left: prediction first, then today."][/caption]
The S&P is down on low volume, at a key support level (805). If I were going to make a trade, I'd buy 31 shares of SPY at 806 for 2500.
Stop: 800
Sell: 820.
Wednesday, March 25, 2009
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