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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (28726)5/18/2010 3:51:57 PM
From: LTK007  Read Replies (1) | Respond to of 71403
 
CHART:Let's look at the SPX Monthly, with the Monthloy the 6ma and 10ma are vital.
The break belkow the 10ema was a result of that SAVAGE PLUGE due to Flas trding foul up---but it could be seen as a PRODROMAL indictor of the future direction of the market.
As of now the 6ma is 1128.xx, so any close today below 1128 on SPX would be significant in terms of reversal down potential building.
Monthly charts are strong indicators for the LOOOOOONGTREM direction of the market---any cross down of the 6ma below the 10ma would be LOOOOOOOOOOOOOOONGTERM bearish.
For those that enjoy perusing Monthly charts , i post now as it is getting into a 'very interesting' mode:)Max




To: ggersh who wrote (28726)5/18/2010 4:06:57 PM
From: RockyBalboa  Read Replies (2) | Respond to of 71403
 
there was, it was hyporealestate (HRX) and it is already taken over by the government.


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