3309 Drysdale Ct
Edwardsville, IL 62025
Isn't the 300 point spread from the weekly 65EMA to current price excessive? Don't we need to either rally some or spend more time letting the EMA catch up to current price (or both) before the next big down leg kicks in?
Tim
You've just outlined the reason why the market did not break down from here, but decided to move up instead. It's clean now in the retrospect.
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SPX point spread
Posted by timwilson on 6th of Feb 2009 at 10:11 pm
Isn't the 300 point spread from the weekly 65EMA to current price excessive? Don't we need to either rally some or spend more time letting the EMA catch up to current price (or both) before the next big down leg kicks in?
Tim
You've just outlined the reason
Posted by junkmaylbox on 7th of Feb 2009 at 03:25 am
You've just outlined the reason why the market did not break down from here, but decided to move up instead. It's clean now in the retrospect.