Thursday, January 28, 2010 7:37:43 PM
we did actually pull back more from the Jan 15th date you speak of when it was hovering at the .38 200 day MVA. I believe we pulled back to the low .30's for a couple of days there. If I recall, everything I posted was again my own opinion. If you have read my post I said we will continue to move lower "without good news". Now, if that means we have a couple of up days before we go lower ( as the markets usually do) , it's all the same. Just as we have days of a pullback or days of consolidation before we go higher it works the same way on a downward slope. (Pullbacks will happen regardless if it is up or down) OOPS >>>> IN MY OPINION. let me not forget that!
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