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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46215)	7/15/2010 2:10:14 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70378

Market at a critical point. All three indices now over their 50 day SMA. COMPX just crossed today. SP500 and Dow needs one more day to confirm as the follow through today was weak. Note the option expiration is this Friday. The rally could be due to options expiration. It does not pay to take positions in advance of option expiration. Trading could have been distorted by the settling of options last week and this week. Again the Dow stock have lead this rally.