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本帖最后由 ypm968 于 2010-5-12 23:28 编辑
This post is for traders only, not for beginners. If you don't understand how trend channel works, you should walk away.
This post is for traders only, not for beginners. If you don't understand how trend channel works, you should walk away.
This post is for traders only, not for beginners. If you don't understand how trend channel works, you should walk away.
This post is for traders only, not for beginners. If you don't understand how trend channel works, you should walk away.
This post is for traders only, not for beginners. If you don't understand how trend channel works, you should walk away.
Market made a follow-through rally today. We saw Euro starts to stabilize, we saw M&A activity again, and market sentiment starts to improve. Now what? In the short-term chart, we see S&P, Dow, and NYSE formed a flatter blue dished channel. S&P and Dow are near or at channel resistance line, so I will not be surprised if market pulls back tomorrow. Dow and Nasdaq closed above 50-day Moving average today. Russell and $tran closed above 20-day moving average. S&P is the only one point below 50-day moving average, it will play catch. These are good news, but the real task is ahead. In the intermediate-term chart we see S&P and DOW are approaching to H&S's neckline. The H&S tops took almost a month to build, so I will begin taking some profits. |
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