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My opinion of the Market

From: James De F.
Sent on: Sunday, March 17, 2013 9:31 PM
As a follow up of "My opinion of the market" . on March 10 email, we got the high volume on Friday. It definitely looks like a high distribution day and we may be heading towards the 20 Day Moving Average support, except it moved up 15 points since March 10. It's now sitting at the[masked] area. If it breaks here we may be heading towards the 1500 area which s a psychological support and in the vicinity of the 50 DMA.

Another ominous sign is the emerging markets ETF’s. Look at EEM. It’s been in a downturn for the past week. This market of course could turn around at the 10 day MA and go right back up again. It's done it before. Just be on guard


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