23 MAY 2010, Sunday

• Still negative below 50 and 90dMA...and now the 200dMA (black dots).  
• Interesting...the black uptrend appears to be offering temporary support.  Will it hold?  Watching.
• Some short term oscillators are as oversold as they were during the OCT 2008 and even the SEP 2001 crashes.  Heck, even the RSI is showing a low swing value on the daily (not weekly).  Bounce wouldn't be unreasonable.
• Just thoughts here...bounce to 1150 area to form a right shoulder of a head and shoulders pattern projecting to low 900's / high 800's?  Just thinking aloud.
• High volatility environment currently...difficult for investors.