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Investing Ideas_03 09 2010 review

|Includes:AllianceBernstein Holding L.P. (AB), ABG, FXY, GDF, IRM, JSC, MFG, OIL, USO, WIP

Dow Jones index has reached a new resistance level. Now level is at 10 588. We think that this level is temporary now. The market needs to take breath currently.

So what to do now? Watch the market and wait. The market itself will tell us what to do.

Nothing but Alligator shows us what to do now. DJ index is above the Alligator. So nothing to do. Hold your long positions before the market itself will tell you it’s time to sell..

 

Dow Jones daily chart:

 

Stocks: AB, ABG, IRM, MFG, GDF, FXY, OIL, JSC, USO, WIP