Friendly Traders share, comment, discuss Financial Websites !

Today the 20-day SMA crossed below the 50-day SMA on the S&P 500 daily chart. Additionally, the was a bearish alignment of the moving average trio (the 10-, 20-, adn 50-day EMAs). The 20-day EMA finally followed suit with the 10-day EMA and crossed below the 50-day EMA. We continue to advise you of sell signal after sell signal, but once we tag support near the February low, I will be looking to take profits and go long as a right shoulder sets up. I continue to anticipate a massive head and shoulders top on the daily S&P 500 chart.

2 Responses to “Maurice N. Walker Commentary”

1. larry senkenberg says:

   20/05/2010 at 5:53 am

   really good point of view .. thx
2. marc says:

   24/05/2010 at 5:24 pm

   fantastic !!