Friday, May 14, 2010

My 2cents sentiment

somehow the market still stressfull, only small cap able to break thru 50DSMA, DOW, NASDAQ and S&P500 seeing 50DSMA as a resistence.

Micron share seems to be weak also, i am afraid is a bull trap for shorterm investor.
Technically the 20DSMA(blue line) going to cross 100DSMA(pink line) downwards , that's not a good sign.
First support level if it heading lower will be 8 dollar....

I hope it will not, if it does, i am well prepared !!!



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