MSI

[tokyopua]

Yup, retracement is coming soon I guess, just by looking in the weekly chart MSI is ready to retrace, 9sma is being left behind

--- 9 weeks of intensive bullishness --- correction should be on the way, IMHO.

Next support $1.60

Are you short (or anything else) Terliso?  Market looks like it could be heading for a correction IMO, what is your take?

[Terliso]

Are you short (or anything else) Terliso?  Market looks like it could be heading for a correction IMO, what is your take?

Nasdaq bounced off from 50sma last week & all the gains almost touch again the 50sma today....
--- There is a bit weakness of the market this week but for correction not yet confirmed... why? because Nasdaq & Dow pps still above 50sma.

[nullzero]

Im going to go out on a limb here but after seeing CSCO, DELL, INTC, and many others still that just broke under the 50DMA it wont be long for the rest to follow GOOG, APPL, etc. I post some charts in the DOW thread.

[njshiva]

nice bullish hammer we have here