Before we hit the charts, let's take a second to review what is going on:
1) the market is brutally difficult to make consistent profits
2) the Financials continue to deteriorate
3) Obama and his gang have yet to outline a solid plan to aid the financial crisis
4) For some reason...the market is hanging in there.
so, let's move on to some positive looking charts and assume things are looking up!
The following charts all show a clear upward progression that with a little help from the market could really clear the way for some huge profits. This sector was one of the best last year and who knows what will lead the market in the future but let's see if we can break resistance. Notice in all cases that after a prolonged period of time, the 50 day EMA has flattened out.
Trade well,
Trader D
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