20 month SPX moving average is 1054 -still hasnt made a monthly close above it just 16 points below, and the $USD and VIX seem like they're bottoming this thesis that it would not close above the 20 month moving average may end up being right after all, if impossible to play it, ie the nastiest play of the 20 month since fall of 1998 beginning of this thread 9/17/09 <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2578747"> now <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2618291">
now 4 points below looks like the 20 month is going to hold after all, if doing it in the most gut busting manner possible
looks like the 20 month is holding although a heck of an implementation of it i still think it's a good guide for long term investors to hedge <img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2623371">
swtrader ... couldn't agree with you more! TA is working. This monthly resistance has been stopping the bulls. If November can't beat this resistance, we are entering into a down leg. Even without the 20 MA, we are hitting against resistance via a trendline the last minute of this video goes over what I'm talking about ... http://www.freetradingvideos.com/vlog/default.asp?Display=1470#Comments