Tuesday, December 16, 2008

Today's Market

WOW -- important technical news today

Photobucket

Note the SPYs are now trading above the 50 day SMA. That's very important news -- it indicates the rally is gaining strength.
Posted by Hale Stewart at 12/16/2008 03:24:00 PM

2 comments:

Anonymous said...

Going back to a previous question....Do you think the market have changed after all?

December 17, 2008 at 6:11 AM
Double D said...

From the Department of Humorous Juxtapositions:

12/16 1:31 PM:

"This brings two points to mind:

1.) The Fed has no interest rate moves left. This is it.

2.) The Fed is terrified about the economy..."

12/16 3:24 PM:

"... That's very important news -- it indicates the rally is gaining strength."

December 17, 2008 at 9:00 AM

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