Moving Averages
By Daniel at 9 December, 2009, 1:26 am
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The 104 point drop today has caused short term moving averages to turn negative. The DOW SMA 5 and SMA 10 were essentially flat to slightly positive Friday. Today the SMA 5 10 and 15 have slipped to a negative slope. The last time this happened on Nov 2 the DOW dropped 200 points. The next indicator is the SMA 20 which is still flat. A few more negative sessions and it will turn negative as well.
The SMA 25 still has a positive slope. The downturn of the SMA 25 is the first indicator of a more definite downtrend. We still have a way to go before it goes negative - but things all pointing that way.
Waiting for the DOW SMA 25 to turn negative.
It’s the Price, stupid!
Kilroy was here.
- Kilroy
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