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Monday, March 24, 2008

Ceiling

Nothing to write home about except that it was a very good day.

ags had a nice rally but looked weak heading into the close.

I will definitely look for a reversal and will jump in.

I will still continue to trade following the technicals and the trend.

The trend in solars oontinued to move up today.

Nothing to hold but something to trade.

Significant Numbers To Watch

DJIA:
11634-Support, the 1/22/08 low
12767-Resistance, the 02/01/08 high
12343-50-day simple moving average
13195-200-day simple moving average

S&P 500:
1256-Support, the 03/17/08 low
1396-Resistance, the 02/01/08 high
1346-50-day simple moving average
1456-200-day simple moving average

NASDAQ:
2155-Support, the 3/17/08 low
2419-Resistance, the 02/01/08 high
2322-50-day simple moving average
2564-200-day simple moving average