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  • Investing Ideas_09 03 2010 review 3 comments
    Sep 3, 2010 3:47 AM | about stocks: QQQ, FDO, F, ESRX, SAN, ORAN, BMY, PFE, EWV, EWJ
    "If a little money does not go out, great money will not come in."
    Confucius (551BC - 479BC) philosopher
     

    Dow Jones Industrial Average index has found his bottom for now. This means that the index has a strong support at 9,915 points.

    Index is now going to attack the resistance level at 10,755 points. Since this point is very far away, we did not expect that he will be achieved very soon. But we do not hurry anywhere, we can wait.
    The most important is that the resistance has not only reached but also pierced.
    We are optimistic so far. Are you too?
     
     
    Dow Jones daily chart:
     
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  • liJeffrey
    , contributor
    Comments (3) | Send Message
     
    It has found the bottom.
    What's this exactly mean? The great money represents institute, little money represent mass, do I understand right?
    "If a little money does not go out, great money will not come in."
    3 Sep 2010, 04:05 AM Reply Like
  • Nojus
    , contributor
    Comments (29) | Send Message
     
    Author’s reply » Hi liJeffrey,
    "Bottom" means that in a certain period of time index has strong support. In our case, it's 9,915 in August 31.

     

    "If a little money does not go out, great money will not come in." This means Think BIG. Think small - little money. Think big - great money.
    So clear your mind from "thinking small".

     

    My advice for you: became a smart investor first. After all try day-trading.
    3 Sep 2010, 07:53 PM Reply Like
  • liJeffrey
    , contributor
    Comments (3) | Send Message
     
    Thank you, Nojus :)
    6 Sep 2010, 02:25 AM Reply Like
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