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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (92880)6/16/2011 1:38:56 AM
From: Vitas  Read Replies (1) | Respond to of 94695
 
NYA touched the 200 day sma today.

stockcharts.com

200 day = 7963.61 vs low of 7944.33

I think that it reaches 7900 (a few various trendlines).

Then, does it bounce and fly or retest a week or so later? Or not hold at all? I am waiting for a strong hint from mf figures. I suspect that the investment buy will come closer to the end of the month.