Thursday, January 08, 2009

Bullish Danske's Technical Outlook: S&P500


Be careful with "Genetically Modified" http://en.wikipedia.org/wiki/Genetically_modified Bulls!

Danske's "Technicians" suggest buying on dips. However, the break below 855 area would require changing the bulls costume ....

Bulls will be 'fed' as long as we stay above 50-day moving average (green line).

Watch Banks/Financials ...

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