General Stock Ideas

[gfp927z]

Bigworld, >> 200 MA <<



I figure the 200 MA will likely be tested in the next several months. The 50 MA isn't really that important right now TA-wise since it's still rising and to stay above it would put the market into extreme overbought condition and thus very vulnerable. As a lagging indicator, the 50 MA will turn flat and then down over the next several months and thus come down to meet the market.

The 200 MA on the other hand is very important and what's probably going to happen is the S+P will come down to test 2250-2300 (the Dec to Jan trading range) and by then the rising 200 MA will reach 2250 (currently 2231). So that will be the key support to watch in the months ahead.

Of course just a guess since if the market was 100% predictable we'd all be rich :o)