Wednesday, September 19th, 2007
Have we got the big mo - momentum?
Last week in a post I said the market wasn’t showing momentum traits.
But it did it’s best yesterday to get some after a big rise on higher volume.
It’s not a perfect set-up: volume wasn’t massive and the 50-day MA is sloping down.
But it is likely the start of an interesting move; while it may not be wise to jump in fully, it’s time for a nibble at least.
Here’s a look at the chart:
Word Count: 73. This entry was posted on Wednesday, September 19th, 2007 at 10:21 am and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
