Thursday, March 26, 2009

The Market is Holding Up

I dug up my old DJ30 chart from a while back showing a support line at 7887 that was ultimately blown away to the downside. What used to be support will now be resistance as the market attempts to extend a rally that has now become a full blown break-out. With everything as overbought as it is this break cannot last forever, but it has lasted longer than I thought it would. After liquidating all that I had and sitting on the side for a while, I entered the market again this morning with microcap plays( except for one gold pick) . I have posted my actual account, and you can see that things have gone nicely . I seem to have a nack for micro's so I am going to see how that pans out for a while. I'll let you know how it goes. In the meantime, be sure to watch for a pullback. It is certain to happen sooner or later, but I believe the market has bottomed and will do nothing but advance from here.

Have a good one,


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