SP continues to hold the 50 day SMA

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chrism

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SP continues to hold the 50 day SMA

posted on Mar 10, 2008 12:02AM

Fingers are crossed KXL will hold the 50 day SMA this week while the american markets feel out a bottom. Resistance at $3.0X and $3.50. We could retest $3 any day now but I would be quite surprised if it is before the american markets stabilize from Friday...