Friday, January 22, 2010

Negative for the year

Now we are negative for the year and I just heard some talking heads on tv saying 1090 is important level for S&P. Man they reading the blog, they are so late :)
Ok for us today, closing out the week we NEED to close above the 50MA for the bulls not to show there weak hands. That's what is important, note we above the 200MA so the bulls are not shot in the head yet.

I will be watching the close very closely to see if they dress it up.

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