Replies to post #16352 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[profit_guy]

jenna, as i am sure you are aware, on both the COMP and NDX, the 50ema just recently crossed OVER the 200ema for the first time in several years, and the SPX is not far from doing the same...if past history is any indicator, we should pullback to near 50ema within the next several days and then the market should continue higher, perhaps as high as 1650-1750 into next earnings season...any thoughts?

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[g,a]daclyyay[d19950517,20030517][pc50!c200][vc...

much appreciated

pg

[kanuti]

Jenna, I am a little confused by your thoughts on EXPE. I certainly agree it is due for a pullback but is there a reason you use a chart that has not been adjusted for the split? TIA

[tacky]

EXPE trades as a multiple of USAI due to buy out. I suggest u have to look at USAI chart to decide on EXPE. Even if EXPE is due for pullback it wonr pullback if USAI doesnt pullback.