WakingTheBull
06-23-2010, 01:06 AM
The market after testing the 50ma earlier came down and pierced through 200ma support.
The market has been so choppy back and forth don't be surprised may after one more down day or a doji we head back over it. Though not a good sign it can just be a retrace to lower support before it once again makes the move over 200 ma again.
The down side move has had the usual culprits: housing, Euro, and job woes being heralded by shorts. We are in the dog days of summer.
On a brighter note, the pool was wonderful today.
The market has been so choppy back and forth don't be surprised may after one more down day or a doji we head back over it. Though not a good sign it can just be a retrace to lower support before it once again makes the move over 200 ma again.
The down side move has had the usual culprits: housing, Euro, and job woes being heralded by shorts. We are in the dog days of summer.
On a brighter note, the pool was wonderful today.