18 April 2010

18 APR 2010, Sunday



  • Well, Goldman gets a surprise and the market, too.  Appears that the yellow trendline (from 12 APR post) acted as resistance as well.  At least the market finally exhaled instead of non-stop inhaling.  It's just one day.  Will be interesting to see how it behaves now.
  • A few daily pivot lows to watch for how price reacts for clues.  Will the JAN highs at 1150 act as support is probably the true test.  Seems the 50 & 90 day moving averages will be right about there soon too.
  • Below...banks ...OUCH!


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