Bullish Stochastic Cross

Click on the Chart at left to enlarge. This one is very informative!

We had the bullish stochastic cross today. Although the MACD histogram is not yet at previous reversal levels, the fast and slow lines are coming together.

If we retest the 11/27 (day after Thanksgiving) lows successfully, we will be in that 12%-13% area above the 200 day simple moving average that has previously propelled us to new highs. We could go as high as 1150 and still be 20% above today's 200 day simple moving average. This is significant because throughout this Fall, the market has been content with a rising market as long as it doesn't get more than 20% above the 200 day simple moving average.

We nailed AA and several other Dow breakouts this week. AA Dec 15 calls paid over 850% today! If that's the kind of action you are looking for, consider joining our team.

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