Wednesday, October 12, 2005

200

Need a big edge? Use the 200-day MA wisely

he market took another hit today as the indices extended their recent selloffs. Friday’s attempted bounce was a complete dud. The market remains extremely oversold, so hopefully the next bounce attempt will be a bit stronger. The S&P has now closed below its 200-day moving average three days in a row. No doubt you will be hearing lots of talk about the 200-day moving average…which leads me to today’s topic.
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