weekend spi, page-22

Jaolsa

Two great articles and well worth paying attention to.

My only caveat, is that there is always a great argument to support every opinion, but one must wait for some form of actual market action to take a position.

I can see great danger from here on in, but will let those ma's work for me.

XAO/XJO/SPI all closed below 10 day ma on Friday and is encouraging but I won't stay short if they are breached to the upside.

Moves up from here if they continue will most likely be steeper with each leg, so holding out for a fall will be very expensive.

I doubt that using that ma as a basis for trading from here on in will lose you much and should protect against any disaster.