No mans land
Looking at the charts, I call this no mans land. Risk to missing a potential rally and risk of a large decline are available and no clear indication which way the market may go. March is earnings warning season and my expectation is March weather reversed, in like a lamb out like a lion.
Look out bears, you are going have to share with the lions and tigers oh my! I am looking to visit the 200 day moving average, but look at the last four bottoms, each was preceded by a large red bar, and each is higher than the previous. Just saying risks abound, my inclination is for a decline, but I am prepared to be wrong.
Look out bears, you are going have to share with the lions and tigers oh my! I am looking to visit the 200 day moving average, but look at the last four bottoms, each was preceded by a large red bar, and each is higher than the previous. Just saying risks abound, my inclination is for a decline, but I am prepared to be wrong.
Posted by Bradley Fluetsch at 2/25/2010 5:52 AM 
Categories: Speculation
Tags: invest stock Index equity SP500 earnings SPY market
Categories: Speculation
Tags: invest stock Index equity SP500 earnings SPY market
Comments