Replies to post #34871 on SPDR S&P 500 (SPY)

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Hi Learnin'






Basically when people say you have to wait, they are talking about moving averages and base building. Right now they are in a bear market and are subject to knocking around. There are so many other stocks that are trending up and over there 50 and 200 MA's, which offer support. Those will make a lot of money where as those will be in consolidation for a couple of months till the 20, 50, 100,200 etc can get under the price. Till then all those MA will act as resistance. You should be investing into leadership which offer the greatest amount of return.