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Stock Market Indicators, Index Trading

Monthly Averages Trounced

January 16, 2008 – 12:40:05 pm

Confirming Fly’s time machine…the market has shat through its monthly support levels.

Ouch.

Click here for a nice picture and post courtesy of Afraid to Trade.

 

Who’s down for some dry toast, no jam? I know I am, ow-owww. Can I get a midday crash? Raise the rates, woof woof. Go Been, go Been, it’s cho birfday.

 

Sorry, that was my recession dance.

This entry was posted on Wednesday, January 16th, 2008 at 12:40:05 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “Monthly Averages Trounced”

  1. DPeezy Says:

    Wait, wait, wait…how long was I asleep (aka working)? We’re up 100 points?!?!

    January 16th, 2008 at 12:49:48 pm
  2. Danny Says:

    yeahhup. goodtimes.

    January 16th, 2008 at 12:54:06 pm
  3. JakeGint Says:

    LOL!

    Was that a one act play above?

    Check that red line in the chart you’ve posted. I’m pretty sure that’s the 200 month moving average.

    He didn’t even want to talk about that one.

    January 16th, 2008 at 2:57:57 pm

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