Trade the charts guys, though that said, the SPX and Dow will
eventually revert back to their mean 50 week MA's and 200 day MA's
as it's been a long time, just like the sun rising and setting it
will happen, though can it be pushed off until fall or later, sure,
but will happen, otherwise trade the trend in front of you which
has been up
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Trade the charts guys, though
For all who believe in past history repeating itself look at weekly charts in mid to late 2007. It took a LOT to kill that bull and many bears perished although they were right in the long run.
Posted by matt on 26th of May 2014 at 02:32 pm
Trade the charts guys, though that said, the SPX and Dow will eventually revert back to their mean 50 week MA's and 200 day MA's as it's been a long time, just like the sun rising and setting it will happen, though can it be pushed off until fall or later, sure, but will happen, otherwise trade the trend in front of you which has been up