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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (17311)6/7/2001 9:08:14 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Larry, I think that the "standard definition" is that a stock or an average stays above its 200 DMA in bull markets and the 200DMA serves as "support", and in bear markets stocks or indices stay under the 200 DMA and that level serves as resistance, so we may just be getting to the resistance. We need to close above it for a solid four weeks and the next few retrenchments must be stopped at the 200 DMA to be in a bullish mode.

Zeev


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