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Saturday, March 20, 2010

Plenty of Analysis :)

SPY-daily, is this bull run over? this is the first close ever outside of the parallel channel. Have the 2 thick green trendlines drawn in-they are money makers.



GS-weekly, PLEASE draw the 2 red trendlines they are very important on a weekly basis.


JPM-daily, JPM is forming an inverse H&S pattern? If it succeeds I WILL be all over this one; huge buying opportunity if the pattern plays out. But it looks a pullback is a real possibility right now.


IBM-daily, $125.50 is a MAJOR level for IBM. If $125.50 does not hold..look for a drop to the 200-MA!


USO-daily, the 2 thick red trendlines are very important. There has never been a close above or below the range on a weekly basis


GLD-daily, the thick green line is a very old trendline and should be used to short the GLD if it is ever touched. GLD is trading in a small triangle, look for a breakout or breakdown. I favor a breakdown to the 200MA, and that will be the buying opportunity of a lifetime!


UUP-daily, trading in a parallel channel look for moves that will go above $24.00


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