Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
This is the third attempt at the S&P 1357/1358 level. Silicon and carbon based life forms have their focus on it. But while we bounced smartly on a ‘double bottom’ from this level a few weeks ago, ‘triple bottoms’ rarely hold. Next level of support of this breaks is the 1340 from early March. Seatbelts on…
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
