SPDR S&P 500 (SPY): Gleno, the markets just can't make it pa...

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learningboutinv

Re: GLENO34 post# 61558

Thursday, 10/09/2008 10:58:32 AM

Thursday, October 09, 2008 10:58:32 AM

Gleno, the markets just can't make it past the 233ma on the 5min chart. The QQQQs have hit the 233ma 8 times since 10/1. I guess we will see what happens next with all the MAs constricting and coiling. Makes you wonder if the coiling of MAs is base building or another dump coming like last Thursday, 10/2.

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