Friday, March 13, 2009

Friday close

We are ending Friday slightly in the green.

A positive sign for the days ahead.

But I can't help but feel this might be a bull trap. If you look at the charts today, we were very range bound and traded almost perfectly to trend lines. No real big buyers in the market today, just traders yanking the markets back and forth.

Careful of a big pull back next week. Don't chase stocks. But the next big sell off will be the time to back up the truck and go long.

Have a great weekend.

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