Thursday, May 15, 2008

Market is at an interesting point

All major index are close to 200MA, and Compx actually stand above it with good volume.

Several stocks look bullish to me. VMW forms a cup and handle pattern; CMI makes new high; even GRMN breaks out the two week's triangle.

Watch VIX 16 and SPX 1440 closely for the final direction.

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