RE: Interesting week or 2One thing i forgot to mention is 2 important references on the S&P just watch this week and see what happens to these levels. First is 934.7 this high the S&P closed at on Jan 10 2009 before moving onto new lows and secondly is 942 this is the 200 day moving average. we will have to see if there is enough legs to close over these marks. If there is enough then i am pretty confident that the dow will get to 8906 its 200 day M/A both the dow and the S&P look pretty overbought right now, so i would expect to see some sort of correction in the next while. If any know how to use the directional moving average and please confirm my thoughts that these index's are not in a trend at this moment???
should be an interesting week
GLA