Saturday, September 04, 2010

MARKET SETUP AS I SEE IT, AS CHART SEES IT


Monthly charts cut out lots of noise, a downsloping 50 SMA monthly has on avg not been supportive of price and usually turns away rally. 12 months MA is now flat and near current price.
MACD has not crossed, when or if it does addt'l sugnal much greater selling pressure is returning.....this is ONE of our roadmaps.
D.....enjoy weekend holiday

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