He means on the leftmost side of the chart. If one were to take the entire chart, as is, in a vacuum.
if you will look at the daily back to 1/1/2009...it is so heavy...meaning...very hardly to move up...much less even considering getting over 1050...until into 2010...
You keep citing the 50 month and 200 month averages as the rationale behind your decisions... it is the 50 day and 200 day SMA'a you are looking at, not monthly.
Let's hope you document your tremendous trades in your EXTREME HIGH ENERGY Journal!! http://www.elitetrader.com/vb/showthread.php?s=&threadid=177183
oh ok my bad dude. You keep referring to the 200 month moving average for your trades, it's the 200 day. Is that better?
Expect Roubini, Soros and Co. doomers t be punished by a run up over 1070.00 before JP Morgan and Goldman earnings. After earnings release different story.
no, actually, it isn't here's the chart i put up on page one of this thread what part of 'monthly', dont you get, 'dude'? <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2594812">
Trade what u see, not what u think...don't worry about getting or not getting above/below a ceratin #....although if u use EXTREM HIGH THINKING ENERGY, u might be able to overcome this. BANG!!!!!!!!!!!!!!!!!!!!!!!!!!!!