SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio
A close below symmetrical triangle price formation (below 1310) signals more selling for SPX in the near future. SPX is set now to test its 50 D-SMA. If that support fails, my analysis predicts SPX at mid 1240's by mid to late April.
opader@gmail.com
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
RTS 20110103 Long Portfolio
A close below symmetrical triangle price formation (below 1310) signals more selling for SPX in the near future. SPX is set now to test its 50 D-SMA. If that support fails, my analysis predicts SPX at mid 1240's by mid to late April.
opader@gmail.com
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.