This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Saturday, 11 September 2010
S&P...........200dma and 50% retracement resistance
Interesting that the 50% retracement and 200 dma coincide.A 3rd attempt to regain the 200 dma that fails would most likely be a sell signal.Volume on this rally has been very weak,suggesting it is not to be trusted.
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