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Commentary Topic from greenfaucet

Focus Back on the 50-Day Moving Average

The most important technical area right now is the 50-day MA. This moving average has caused a lot of grief for bulls since 2007. We are still in a huge neutral range. I suspect that it will take the market a while to make up it's mind, but when it does, jumping on the intermediate-term will be extremely profitable. Until then, stick with short-term swing trading and the more favored day trading strategies.