19 January 2011

SP March Futures At 10 Day Moving Average Support



My portfolio extends a big 'thank you' to the wiseguys for dumping this ramp up in stocks on about the same day as last year, selling APPL on the news for example. lol.

Note however that the 10 Day Moving Average appears to be holding, and having a bit of a bounce up after the close. Another move up for a wash and rinse?

I still find it hard to believe that there will be the 'big dump' of about 100 SP points given Benny's pledge of easy money POMO's but stranger things have happened.

Stay tuned.