The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

Hot Topics » small business owner tools product reviews february retail sales stimulus on the vine stimulus scams booms and busts

This post received 41 Money Blog views

Stock Investing > Alpha Trends

Retracement Levels

Brian Shannon | Mon, 03/16/2009 - 1:01pm | Add a comment

Rank this post

The financials led the market lower and now they are experiencing the strongest bounce from the lows. The XLF is at the 61.8% retracement level and at the area of prior support, now is the time to be very defensive with longs, this is where we have POTENTIAL for resistance to be found. The short ter
... Read the full post

Comments

Please or register to post comments.

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Stock Investing > Alpha Trends

Retracement Levels

Brian Shannon | Mon, 03/16/2009 - 1:01pm | Add a comment

Comments

› Brian Shannon

› Featured on

PowerRatings Stock Trading Strategies: After the Bounce

Through a Trader's Eye

High Probability ETF Trading: Trading Near the Close

TRADE CENTER

› Most