Saturday, April 18, 2009

Crocuses International Stocks. {EFA}


Even international stocks are participating.
1. Golden Cross and getting close to a major downward trend line that probability suggests should be a major resistance hurdle. This would suggest that this index should either retreat or pause at this level.
2. Trading range established last fall.
3. Index and ETF shows a very overbought state.
*Long EFA in certain client accounts.