A pullback was expected today, but this pullback was light on very low volume, which is bullish here. The market did close at the lows though, meaning some more downside is expected.

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There was a trigger from the Watchlist today. SNDA had a rough morning, but started to rally. Even in a quiet market, this one looked good and I took it at the breakout at 37. It offered a nice move considering today’s action, and closed above the buy point.

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Hopefully the market doesn’t sell off too much, and takes a needed rest before another move higher. There are still some bullish looking charts out there. Here’s some that I will be watching.

Trade Ideas for 03/25/09:

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Good luck and good trading!