DO SMA's count?

CLICK CHARTS TO ENLARGE.

TWO MAJOR AVERAGES CLOSED ON THE 150 sma and one on the 50SMA

WE can only guess that resistance will come at 100SMA and 25 SMA.

I don't think we just plunge from here but if you look lower at my work I do offer a 14TD low.
It would be rare to hit a high then plunge to unreasonable deep levels.

Earning will be under pressure this coming quarter so expect the worst.

Jerry


Timingshortterm@yahoo groups

BTW the Dow and  Spy didn't reach even the 50SMA.