Tuesday, May 12, 2009

The leader start to rolle over

"click on picture to zoom in"
NASDAQ closed below 200 SMA on May 11th. NASDAQ staid above 200 SMA for 3 days, then rolled over. Due to leadership roles of NASDAQ in past couple months it is critical for bulls to see NASDAQ stays above 200 SMA. If NASDAQ failed to move higher it will cause the indices to move lower.