A lot of profit taking 12/12 and 13/12 together with the impatient 2m holder selling at .125 has the SP stalled at .125. The 20ma is sitting at .125 with 50ma at .145 and 100ma at.165. For smart money to start bringing in some profit before Xmas; it wouldn't surprise me to see SP trade upward to .145 next week; only to see smart money off load part of their holdings between .135 and .14 and resting the SP at .13 and .135. My reasoning is that the Bollinger Bands are showing high band at .14, middle band .125 and the low band at .11. The low band has turned upward indicating a an upward move in price. Parabolic SAR support the BB move. Interested to see how next week plays out
DTE Price at posting:
12.1¢ Sentiment: LT Buy Disclosure: Held
