The Dow has been testing the 200 day moving average(white line), the past 2 days. The Dow has not seen the 200 dma for 13 months, so chances are it will fail on the this first test. We have a full moon coming up this weekend, so I'm looking for a reversal to start any day, that should carry us into Quad expiration on June 19th..
Tuesday, June 2, 2009
Dow at the 200 DMA
The Dow has been testing the 200 day moving average(white line), the past 2 days. The Dow has not seen the 200 dma for 13 months, so chances are it will fail on the this first test. We have a full moon coming up this weekend, so I'm looking for a reversal to start any day, that should carry us into Quad expiration on June 19th..
