Tuesday, March 18, 2008

SPX bigger picture


Kiss or cross?
Time to watch the 34 and 89 ema's on the weekly. If indeed we are in a prolonged correction....the 34 should cross down over the 89. Last time that happened though...beware of an upside reaction back to the 89. fwiw Not for day trading obviously...just bigger pic stuff. Kissing and turning back up would be very bullish....


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