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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: Moominoid who wrote (2233)	12/20/1998 8:21:00 AM
From: Vitas	Read Replies (1) of 99985

[re: 200 day sma] Hi David, I'm thinking that the three (or 3 of) major averages are not in sync in that they are different percentages away from their own 200 day simple moving averages. Thus, last Monday, December 14, the Dow at 8695.60 closed below its ma of 8716.11, the NYA at 554.53 closed on its ma of 555.23, and SPX at 1141.20 closed well above its ma of 1096.49. So will the real 200 day sma please stand up? The low risk trade of waiting for the pullback to the 200 sma, and going long with a tight stop below it, got a bit confusing. In the meantime, with these averages now above their 200 day sma, I find it quite interesting that the IBD Mutual Fund index has been struggling at its own 200 day sma for the last 4 weeks. Since the above or below 200 day ma has a timing cult of its own, with Fabian and others, it will be interesting to see which 200 day sma is giving us the correct read. Vitas

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