Wednesday, August 30, 2006

 

Quick Alert: SOX Resistance

I justed wanted to check my bullish commentary with some caution. The SOX, right now at 451, will likely be subject to extreme overhead resistance at 460.

So, even though times are good now, there is a good chance the SOX and the market may fail to "break out."

At the 460 level, I will likely put protective hedges on some of my positions.

# posted by Broker A @ 2:37 PM
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