Markets Hit Master Trend Line, Possible Top
Nicholas Santiago | Jul 08, 2013 12:38PM ET
It always amazes me how easy it is to predict key levels in the stock market. For instance, over the last few days I talked to people about a trend line that told of a resistance point on the stock market. To find this trend line, all you had to do was connect the all-time high on the market to the high on June 18, 2013.
Immediate Pullback
Today, that level was tagged perfectly and almost immediately, the market stalled and started to pull back slightly. These types of levels give smart investors the best entry and exits points. So simple yet so strong and profitable.
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