Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 83.43

-1.9%

Nov 17 3:59 PM EST

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To: Road Walker who wrote (212)	3/6/2009 3:40:08 PM
From: tejek	1 Recommendation Read Replies (1) of 1428

From TSCM website: "We were looking at DJIA monthly chart going back 90 years today with simple moving averages to see where we stand. Interesting thing is we have completely broken the 10 yr ma that held as support in 2002/2003 bottom. BUT we are in between the 20 and 30 yr ma, right around the 25 yr ma, around 6600 DJIA. 20 yr is around 5500, 30 year around 7600. The interesting thing to me about that is the Great Bull Market began in 1983 ... so we are about 26 yrs beyond that (it ended in 2000/01 or 2007 most think) ... point is, we are right around where an average uptrending line from 1983 to now would be ... i havent looked at the exponential ma yet. Oh, and the 50 year DJIA ma is around 3,600 if you want to really scare yourself."

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