Inverted Head and shoulder in S&P? Do we test 200MA between 1410-1420 this week, even with FOMC meeting tomorrow?
Michael Ashbaugh seems to think it is possible..marketwatch
Lets hope Dow Jones Industrial Average either way stays above 12750-800.
Regarding the DOW JONES TRANSPORTS AVERAGE...If Fed cuts 25 basis points, believe it or not, a boost to dollar, if they cut more, maybe no respect to the 200MA, as of late, Transports are above the 200MA.
Whats u r profit objective? What will you do if your targets are hit, what will you do if the market moves against you? Either way, volatile sessions may be ahead, if you aren't ready, stay on sidelines, if you are ready, wait, nobody is ever ready, continue to educate yourselves and never stop learning, one can never know to much, and good luck trading/or investing to new, seasoned and professionals, whichever you are.
in the words of Oscar..."stocks are in, emotions are out..."
MPM
Tuesday, April 29, 2008
Technical Indicator from Marketwatch
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