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It's a Long Way to the Top
at 2006-02-06 23:45:27

Educational use only. Never intended as advice.

Ridin' down the highway
Goin' to a show
Stop in on the byway
Playin' rock 'n' roll
Gettin' robbed
Gettin' stoned
Gettin' beat up
Broken boned
Gettin' had
Gettin' took
I tell you people it's harder than it looks
It's a long way to the top if you wanna rock 'n' roll
It's a long way to the top if you wanna rock 'n' roll
If you think it's easy doin' one night stands
Try playin' in a rock roll band
It's a long way to the top if you wanna rock 'n' roll
--It’s A Long Way to the Top, AC/DC

SP500 Cash Index: 1260 is support, and the MACD is making lower lows and the histogram has crossed below the zero line. Who wins the battles for now? The bulls by holding 1260 or the bears with a takedown? The key to being a successful trader isn’t in caring which happens, but in identifying the decision zone and determining the winner. My suspicion is that the financials will get support this time, and the SP500 will rally. I don’t have a stake in this fight yet, beyond my BKX calls.

More later.






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