Thursday, April 30, 2009

4/29 - Market Analysis

SPX - resistance on light volume


SPY - uptrend


RKH - light volume sidetrade


Analysis: despite a big move up...the charts didn't change...we still at resistance now volume is slipping fast...very possible that ppl are taking profits and this is the first sign that we will fall soon...but keep in mind that SPY is still in a very solid uptrend in the short term.

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