Monday, October 10, 2011

The declining 5 ma monthly is resistance...



The market seems to recover but the 5 ma monthly is resistance and if the bigger frame wins.....In other words, the market is moving between the rising 5 ma daily and the declining 5 ma monthly. I give the 5 ma monthly the benefit of the doubt. Waiting for a negative cross 5/20 60' to look for shorts is an option.

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