The Financials
- Posted by UpsideTrader
- on January 12th, 2009
There are so many charts I could talk about but the one that matters most in my opinion are the financials. I posted this chart Sunday and warned of a break of 11.33 as I thought if that level was breached, we would go lower. 10.44 now looks like the next level of support. After that, well, see you in November(08)
Bounces are part of the deal, and nothing goes strait down, so stay nimble, but this will end badly—again.
Follow @upsidetraderThe 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.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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