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To: jjstingray who wrote (164867)3/17/2008 6:08:55 PM
From: Galirayo  Respond to of 209892
 
The 200WMA is near 1300 ...

The 144WMA is near 1360. The Deviation / Divergence is by Past History ... huge ..

Definitely looks impulsive to me on the Down Stroke .. so there may be a Rubberband type reaction. Bear Mkt Rally .. if you will.

I believe in the Theory of returning to the Mean. Has worked too many times to ignore.

stockcharts.com

I think I see what you're looking at on the 50dma with the Daily .. convergence of the 50 with Price ??

stockcharts.com



To: jjstingray who wrote (164867)3/17/2008 10:56:35 PM
From: Galirayo  Respond to of 209892
 
Just for the record ... On my long term 1 year old chart .. if we go over 1443 decisively .. we're at the point where I think the Bear Market will have a tuff time deciding ...

Bear or Bull.

It may be a Classic Battle there.