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Re: Math Junkie post# 30872

Tuesday, 07/27/2004 4:42:27 PM

Tuesday, July 27, 2004 4:42:27 PM

Post# of 148479
Richard: There are a bunch of weekly expotential moving averages (50, 75, 100, 125, 150, 175, 200, 225, 250) that converge in that area. I note the tendency for the SPX to ride down the 200 simple week moving average and breach it at its lows. It is at 1081 now. A breach of the 200 week moving average will get us down to those support levels. Maybe it will even get us some good fear to run on.


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