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SPX Update March 15, 2010
- Got my 5%+ correction I was aiming for with a High to Low range currently at -6.17%
- Currently from high to close we are seeing -4.7%
- However, Strong and Clean closes under 50 SMA means free falling inbetween.
- Strong volume confirmation - my RSI and MACD read were good
Side Notes:
- Ending up even on energy trades for this month so far (lets hope a longer term trend can establish)
- Locked in some FX positions but risk on is making for more interesting range bound trades, I will have to wait it out
Alexander Lê
Managing Partner
Analyze Capital LLC
analyzecapital@gmail.com
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Earnings!? come earnings we probably will see the snapback with "supposed" strong margins... Keep raising the bar guys keep raising it...
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