The Bonddad Blog
Still nerdy after all these years
Tuesday, December 30, 2008
Click for a larger image
The SPYs are still in a questionable position.
-- Prices are below the downward sloping trend line
-- The SMAs and prices are in a very tight range with little indication about where to go.
My guess is the markets are waiting for the beginning of the year before they make a move in any direction.