A Weekly look at the Dow
A Weekly look at the Dow
The following is an accounting of the price changes the 200 MA
On 3/03/10 the 200 MA was at 78.07
On 3/04/10 the 200 MA was at 78.06
On 3/11/10 the 200 MA was at 78.05
On 3/12/10 the 200 MA was at 78.04
(Pay attention here) ----On 3/16/10 the 200 MA was at 78.05
On 3/18/10 the 200 MA was at 78.06
Of course, the point being On 3/16, the 200 MA changed direction.
Combine this with the Dollar making the second breakout of a Bull Flag and this tells me that currently -- the technicals are trumping the fundamentals
