Wednesday, September 15, 2010

9/15 10:45

I have my original stop working on the DJ futures.  If I1 does it's job it will not be touched.  Stopping a freight train requires a lot of energy.  That describes the stock market over the last couple of days.  The market has to absorb all of the buying on the short-term dips and ratchet down.  The SPX broke support this morning and now is burrowing back into it as resistance.  The brown line is the 15-minute, 54-unit M/A.  It holds until SPX goes .56% above it.

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