Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (43489)	1/9/2013 4:00:34 PM
From: expiredoptions	2 Recommendations Read Replies (1) of 220698

Another chart worth taking a peak at. In mid-November 2012 when the markets were tanking, I started looking at my favorite indicator: the 400 day moving average (same as 80 week moving average and same as 20 month moving average, all represent 400 trading days, there just different in terms of daily close, or weekly close, or monthly close.) Look how the Dow 30 (INDU) bounced off the 400dma in mid-November. In you replace the INDU symbol with COMP, the Nasdaq did the same exact thing. However, the SPX didn't decline enough to reach the 400dma. I personally believe that common indicators like the 200dma no longer hold much value, particularly when I compare the accuracy of it to the 400dma. Jeff

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