Thursday, April 30, 2009

Changed my mind after reading the MACD/PPO chart

Sorry I changed my mind after I went back and read SP500 chart again, this time I took a close look at the MACD, which captures both the momentum and trend in a nice package. Since MACD has also crossed the signal line and they are hovering together I will be staying out of the market. I don't think we have a clear go ahead signal yet. It may come tomorrow.

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