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Friday, March 12, 2010

SPX at 1150 Resistance

S&P 500(SPX)is attacking its critical resistance for the first time, it closed at high of 1150.24 last night. The probability of retracement on SPX is getting higher and higher now. The simple reason is that stocks won't go up one straight line forever. So take the opportunity to take part of your profit off the table at least.


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