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russ5555

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russ5555

Re: spreadoffence post# 64348

Wednesday, 04/25/2012 4:36:16 PM

Wednesday, April 25, 2012 4:36:16 PM

Post# of 129051
I agree it closed .0011 below 50dma. If we smashed through it and closed well below I would be a little concerned. To me this is last ditch effort to shake out the weak hands as they know 50dma is a line a lot of people draw in the sand.We are in an area of strong support as seen over the last 5 or 6 trading days. up a little, down a little. I think the next 4-5 sessions will tell quite a bit
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