Monday, November 23, 2009

Bullish Support from Resistance


The bulls showed up this morning with a gap up open and for awhile threatened last Monday's high. Resistance is at the 11/16/high of 1113.69 and support is at today's low of 1094.86. The early October highs acted as support.
The moving averages are ascending, the stochastics are still bullish, and the MACD fast line turned to the north.
The weekly stochastics have turned decidedly bullish.

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