Sunday, October 25, 2009

10-25-09

Looking over the hourly 20 day chart. The 10 EMA just crossed the 60 EMA. The 10 ema crossed the 20 sma last wednesday. I believe this is the start of either a major correction or small correction. We will see.

We are very overbought on the daily's and weeklys.

On the weekly it looks like the MACD is about to cross the signal line, the last time this happened was march of 2009.

We will see how deep the pull back goes.

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