The 20dma has been resistance and the 50 dma has been support as per my past postings. I am looking for a move out of this consolidation we've been in for 2 weeks. It could be up or down. Watch 11200 and 10975 for the direction.
Monday, November 29, 2010
Monday, November 22, 2010
Happy Thanksgiving
Watch for support on the 50dma and resistance at the 20dma this week. Travel safe and have a Happy Thanksgiving.
Sunday, November 14, 2010
watching the 20dma
I'm watching the 20dma (1195 on the S&P)this week for support. A close below the 20dma will take it down to old Resistance(now support) at 1175-1180. Resistance comes in at 1213 this week.
Monday, November 8, 2010
under the weather
I am sorry for no updates, I have pneumonia the past few weeks. In the meantime, don't fight the Fed.
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