Tuesday, April 29, 2003

Market notes from UrbanSurvival.com

If you look at the 200 day moving average (DMA) since July of 2000 over at FiendBear's site, you'll see that since the market peaked in 2000, selling spikes above the 200 DMA has been a fairly good strategy. The market seems to pop up above the 200 DMA, hang there, while the latest round of bulls (more like veal) are herded in to long positions, and then they are systematically slaughtered as the market falls below the 200 DMA So, that's my expectation in here...a sideways move that will edge above the 200 DMA for another week or so, then accelerate down to new lows.

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