Friday, March 5, 2010
Big view
The SnP has formed a massive double top, looking at the monthly charts. And has yet to cross above the 48 month exponential moving average. In fact, its right under it now. Also LRC50/4 has yet to turn bullish. Interesting, as it always confirmed both bull and bear before. Probably the next 3 months will tell. And, even though its rising, the MACDBB3 is still less than zero. It needs to cross over the baseline to confirm the bull.
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