Tuesday, December 9, 2008

Today's Market


The main issue is the market is still in the middle of a downward sloping channel. Until me get out of this channel we're in for boring update. However, notice the following:

-- All the SMAs except the 10 day SMA are moving lower

-- The shorter SMAs except for the 10 day SMA are below the longer SMA

-- Prices are stuck below the 50 day SMA as well