Finally below $15 here. As I have said this one
1096 HIT!!!!!!
Got to bounce here even a little or this will be very ugly next week
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.
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.
Drifting lower
Drifting lower here but I am waiting on the first hour to be in like yesterday to see what they want to do.
Got to watch this 1096 area though on the downside. Also the 50MA is around 1110 so a weekly close below this level would set us in a bearish bias shorter term. Bulls have to make a close above that 50MA for them to have a chance of a bounce next week.
Got to watch this 1096 area though on the downside. Also the 50MA is around 1110 so a weekly close below this level would set us in a bearish bias shorter term. Bulls have to make a close above that 50MA for them to have a chance of a bounce next week.
Early weakness
Early weakness and trading below yesterday's lows. Waiting out the first hour here to bracket the range.
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