Tuesday, April 7, 2009

Intermediate Term High met?!


4/7/09

Finally, it seems market bulls are running out of stream to go up. CPCE chart is almost making signal change as indicate market has reached intermediate term high. The above S&P index chart is showing 20 & 50 EMA get compressing together in round 800 number. This is very strong support for ongoing bulls. Let's see if it can provide good pullback entry point for this Bear market bounce.

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