The 50 day MA has now eclipsed the 200 day MA in what some call a "golden cross". So what do people think, is it just a test and go lower, or will we now see positive movement through April?
It always seems different when it happens, doesn't it. Take the emotions out and trade it. My only caveat is how is breached the Oct support, took out everybody's stops, only to rally right back up.
Next stop 1300 ?
IMG]http://i42.tinypic.com/b7b1tx.png[/IMG]
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Yeah, unfortunately high frequency trading appears hear to stay so this type of technical analytics is a must. Just a guess, I think it may go higher from here, but maybe it retests once before we move forward.
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