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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Monday, July 6, 2009

SPY - Expontential MA's


Same chart as last post but using the Exponential moving averages of 5, 20, 50, & 200. Everyone makes such a fuss about the 200 day simple moving average which is acting as support. In this case the one to watch is the 50 day EMA which is now acting as resistance.


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