5 Reasons To Lock In Stock Market Gains Today!

By: David_Grandey

Take a look at the red lines on the 3 charts below.

Now let’s look at the 60 minute time frequency charts.

There are 5 reasons why we locked in gains today.

1. Multiple indexes hit downtrend resistance off of the April Highs as shown on the daily charts above

2. The Full Stohcastics on the daily charts are also now in overbought territory

3. Multiple indexes hit prior resistance levels from mid August as shown on the 60 minute charts

4. The indexes are tagging key fibonacci levels (60 min charts)

5. RSI and Full Stochastics in overbought territory
Need we say more? Can you think of a better reason to go to cash, lock some huge gains and enjoy a holiday weekend? Not us.

By David Grandey

www.allabouttrends.net

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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

© 2010 Copyright  David Grandey- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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