The Bonddad Blog
Still nerdy after all these years
Thursday, December 4, 2008
While most of the technical points are still decidedly negative, note there is strong support in the (roughly) 82-84 area. That being said, notice the still negative tone of the market.
-- All the SMAs are moving lower
-- The shorter SMAs are below the longer SMAs
-- Prices found upside resistance at the 20 day SMA