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  • Good morning, America! 0 comments
    Nov 5, 2009 6:17 AM | about stocks: USB, XRX, WMB, CPN

    There was a Big Dreams day yesterday. Dow nearly reached resistance level. But… A decision of FED was not strong to keep prices high enough i.e. not a decision, its statement about economy. Good news, bad news – nothing matter – we still are in bear market.

    Dow index has a support level at 9679 now. It’s far away form 10 000…But not that is worried. We must worry about withdrawing money from a market:


    Some ideas:


    USB hit short entry point yesterday. So you still are in short position:


    Buy long XRX. Place stop order at 8.12 USD:


    Buy long WMB. Place stop order at 19.64 USD:


    We have a second entry signal in CPN chart. Place stop order at 11.26 USD:



    Here are more ideas 



    Good luck!



    Disclosure: No USB, no XRX, no WMB, no CPN at my portfolio.



    The charts and comments are only the author’s view of market and aren’t recommendations to buy or sell any security.

    Stocks: USB, XRX, WMB, CPN
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