Friday, October 12, 2012

Line Dance

It's not in the way that you hold me
It's not in the way you say you care
--Toto

Both the DJI and the SPX ended the weeks resting on their 50 day moving averages and uptrend lines from the June lows.


The COMP is also resting on its trendline although it has already broken thru its 50 MA.

The action early next week should be telling.

position in SPX

1 comment:

dgeorge12358 said...

The S&P has auctioned back to the top of the post-Draghi spike - battle is commencing.
~zerohedge