FTSE 250 Trades A 'Bear Flag'
Posted on May 18, 2010 at 09:58 AM EDT
Last week's dead-cat-bounce on the FTSE 250 ETF, MIDD, looks to have run its course with the 50-day MA now offering supply in place of demand as was the case in February. Its position relative to psychological resistance at 1,000 is also problematic and the likelihood is for it to make another run at rising support connecting Dec-Feb-May reaction lows. [More...]
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