merry crashmas, page-56

Difficult to know what to make of the Dow.

Moving sideways without momentum. The 9-, 25- and 50-day moving averages have reached the cross roads and deciding which way to go.

On my intraday trading charts this set up usually gives a bullish indication of a move up, with the shorter MA's leaving the longer for dead.....

But the reluctance here for a sharp clean breakout upwards is a little concerning.