May 8th, 2009

Key Moving Average Has Been Breached

Well, Readers, we did it. We pushed the Index over its 180-day Moving Average. If we close here, the MTI says that as of Monday we should be fully invested. But I still just don’t trust this market.

As I wrote yesterday, I’m going to want to wait to see if it clears the neckline. If this is for real, there will be lots of time and opportunities to buy stock at attractive prices (and you’ll learn which ones they are here).

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