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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Cliffhanger Into the Long Weekend

chessNwine Fri May 27, 2011 3:08pm EST 4 Comments

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With trading desks empty and the highways already packed, I am not assigning very much significance to the price action today. The S&P 500 is probably going to finish the week right near that key 1330-1332 area, which has acted a price magnet for several months now. There are some decent charts out there, but I am not jumping to any conclusions before I get a feel for what kind of “summer trading” we are apt to see next week.

The best bet is to enjoy the long holiday weekend and come back fresh next week.

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4 comments

  1. jg
    jg
    May 27, 2011 at 3:18 pm

    good weekend to all.

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  2. GYSC
    GYSC
    May 27, 2011 at 5:12 pm

    I was thinking the same thing, then early next week may be slow as well as people sober up after the long weekend. Thinking I making an updated watchlist to be ready for the week after that. Go have some fun and thanks Chess.

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