lol, as my son just said to me on the phone, what is this twenty questions? <g>
yes, skiing was awesome. The outdoor hot tub during a huge blizzard was even better <ggg> We've had so much sonow here lately, it's been a daily event. And last weekend when I was in upstate NY they had 3 feet on the ground.
Watch the 200 MA on the NDX and COMP, it means everything. After such an important move, although it barely closed above and cannot really be considered a breakout is a big deal. So a move below will cause selling, and a hold above it - especially a 2nd close above is bullish and buyers will step in on that TA detail alone.
That's all you have to watch. And next week, if we go higher, the same event may occur on the SPX and INDU. That's where the REAL test is IMO, the nasdaq is just momo run, but if the S&P breaks and holds its 200 day moving average, that would be pretty damn positive.
Gotta hold it though, or all hell could break lose if it fails.
Watch the dollar too. It's in deep shit. |
