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..