Securities Research Services

Tuesday, October 28, 2008

SPY Takes a Goal line Stand

The market stood once again at the abyss but buyers stepped in and saved it at what could potentially turn out to be a double bottom.

What traders need before they can once again hold long positions overnight, however, is to find that ever elusive animal called "a follow through day."

Traders might wish to tighten up stops on short positions though.

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