Monday, December 29, 2008

Today's Markets

Click for a larger image

Notice the following:

-- Prices have not moved above the downward sloping trend line that started in October

-- The SMA picture is still very cloudy. The SMAs are bunched together in a very tight range and aren't showing strong direction either way

-- Prices are slightly below the SMAs, but that's just not saying much right now.

Bottom line: this is a very indecisive picture.