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Friday, April 2, 2010

Market Thought... re-visiting

My Market Thought has not changed, especially after seeing the private sector jobs number today. The SP500 looks to want to move towards the weekly 200/320SMAs, which is around 1220, or so previous SP500 patterns suggest, before the next major consolidation.

I could always be wrong, and the market react negatively on Monday due to the jobs number, but that is in contradiction to the futures/treasury markets.

1 comment:

  1. Thanks Echo.

    Happy Easter to you and your's!!