Medium Term S&P line

Discussion in 'Trading' started by womblevader, Feb 21, 2009.

  1. Hi

    If you have a look at the medium term [30 yr] line for the S&P you see that it is reasonably straight and moves slowly in an upwards direction.

    If you ignore the tech bubble and financial engineering and leverage bubbles it looks like we have come back to around the level you would expect.

    This doesn't mean that the market can't go lower but to me it looks like we are in the area where it is a least risk neutral to go long if you are trading for more than the next 5 minutes.

    Also I think a lot of strong hands will see this an this should support the market on any dips.

    Hope fully this hotlink from ImageShack works...

  2. ess1096


    Another perspective