For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.

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Sunday, April 5, 2009

Stocks Near an Immediate Top

I've seen many stocks near their immediate top. The coming week is important to watch out where the stocks pull back, if hit support level and rebound. IT's great opportunity to long.

Look at Dow Jones, it's currently trading at it's 61.8% Fibonacci retracement level. A retrace pull back Dow to 7,800 or 7,500 then rebound is possible. Just my prediction, I will post more charts in coming post.

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