Finally, movement!

Posted on Dec 11, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33682367285&a=214966864

After 8 days of shifting from one foot to the other the market finally took a step.  In the right direction.  Prices today crossed the resistance horizontal line.  And while we only include it for reference prices have broken above the 50 day moving average.  Many analysts consider this significant.  We always consider it in the context of the rest of the chart. This chart says "buy me".

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