Let’s start by taking a look at some basic moving averages and any changes from last week so that we can get a basic pulse on the market. Sometimes it is helpful to remind yourself of the obvious. You generally won’t make money shorting stocks when the major averages are above their 50, 200 and [...]
The fibs continue to amaze. I’ve used the retracement levels feature in Prophet to plot out the key levels on $SPX. I gave the entire list of RL levels in anticipation for trading down to 600 in my “Fib Spectacles” post earlier this week (whether it is soon or later in the year).
Because the [...]
§93 · February 25, 2009 · $spx, CBI, ESI, Fibonacci Friendly, GLD, PTM, Precious Metals, RCL, SLV · View Comments ·
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