4 JUL 2012, Wednesday

• Been a long time since I posted anything regarding the stock market.  MAY 11, I noted that it was dropping below the 90MA and that, typically, nothing good really happens under the 90.  Most often it's best to step aside and let it sort itself out.
• Well, perhaps it has done just that as it seems to be poking upward above it again.  Will be easy to use this as a dividing line.  I thought that we might be in for more summer slop but perhaps the election year influence is shortening that? 
• Honestly, I still don't trust this market one bit since it's all been pumped by Federal Reserve QE episodes.  And we're starting to get some bad economic reports showing recently, so perhaps we may be starting to tip into a recession.
• BUUUTTTTT, putting my emotions regarding that aside and just using the 20 and 90 (ie, 20 week roughly) MA's as guide has worked to keep me on the right side of the market.  My opinion does not matter...only price matters!