Posted by billnew52 on 24th of Oct 2011 at 08:49 pm
Meaghan,
The market is much (if not most) about psychology. We can
focus on the negative only so long and then we look for the
positive - regardless of whether it is there or not. Only
time will tell in any event. Regarding why so many individual
stocks are above their 50 dma - everything had fallen so
precipitously, and then rose again at such a steep incline in a
short period of time. The 50 DMA just kind of got left
behind, or sunk below the price. It will, however, catch up -
and perhaps with a vengeance.
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A few thoughts
50 DMA
Posted by billnew52 on 24th of Oct 2011 at 08:49 pm
Meaghan,
The market is much (if not most) about psychology. We can focus on the negative only so long and then we look for the positive - regardless of whether it is there or not. Only time will tell in any event. Regarding why so many individual stocks are above their 50 dma - everything had fallen so precipitously, and then rose again at such a steep incline in a short period of time. The 50 DMA just kind of got left behind, or sunk below the price. It will, however, catch up - and perhaps with a vengeance.