{"id":59757,"date":"2012-04-04T13:07:04","date_gmt":"2012-04-04T03:07:04","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/04\/04\/us-equities-approach-natural-resistance-reports-techwizard\/"},"modified":"2012-04-04T13:07:04","modified_gmt":"2012-04-04T03:07:04","slug":"us-equities-approach-natural-resistance-reports-techwizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/04\/04\/us-equities-approach-natural-resistance-reports-techwizard\/","title":{"rendered":"US Equities Approach &#8216;Natural Resistance&#8217;, Reports TechWizard"},"content":{"rendered":"<p>\n\tIt&#039;s a brave soul who dares to call the high for this market, reports the <span>TechWizard<\/span>.<\/p>\n<p>\n\tNevertheless, he predicts what will be on Mr Market&#039;s mind this month is the fact that April proved to be the time to sell and take profits in two out of the past two years.<\/p>\n<p>\n\tThe matter comes again to the fore as the Wizard reports the Dow Jones Industrial Average has now risen to what he defines as &quot;natural resistance&quot;. This resistance zone, explains the Wizard, is calculated from the April 2011 high.<\/p>\n<p>\n\tThe Wizard is by no means calling for a repeat of the experiences in 2010 and 2011, but a pull back to the rising 20 Moving Average (M\/A) would seem but the path of least resistance, in his view.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/DJIA_Natural-Resistance_April2012.jpg\" style=\"width: 670px;height: 436px\" \/><\/p>\n<p>\n\tThe <span>TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the <span>TechWizard&#039;s<\/span>, not <span>FNArena&#039;s<\/span> (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span><em>, we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s April and US equities are back at what the TechWizard considers &#8220;natural resistance&#8221;. Will history repeat?<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[26],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59757"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59757"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59757\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}