Monday, January 24, 2011

SPX RISING


SUpport shown at the 20 and 50 DMA, both rising and uptrend line drawn, this is showing bullish behavior and trend.
Transports, NAZ, GOLD and RUT (small caps) have weakened and not hit new highs. The Dow has for the move, but SPX has not (1296)
Pattern of bullish monday action continues, almost a given.......how much better could it get? IS a smackdown still lurking around the corner? maybe, it just isn;t going to show on a Monday...........little guy is lured back, but top calling a difficult job....maybe just not yet.....sellers have not gotten heavy handed....no profits until you sell.
D

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