AI
Friday, March 05, 2010 6:49:26 PM
$INDU Daily: bearish 100 x 34 MA cross
Only 2 bearish items that I can "locate", lol...
1: Resistance at 10,600 at the highest volume day of the year (currently only 34 points from 10,600 btw...)
2: The 100 MA crossed above the 34 MA!
The last time the $INDU got a 100 X 34 MA bear cross was actually a really good time to jump out of the market, summer 2008, about 2 months before the Lehman Bankruptcy......Then at the 34 X 100 MA bull cross it was a great time to get back in (early May).....Now finally after nearly a year we are getting a 100 X 34 bear cross again.....??? Hmmmmm..........
Only 2 bearish items that I can "locate", lol...
1: Resistance at 10,600 at the highest volume day of the year (currently only 34 points from 10,600 btw...)
2: The 100 MA crossed above the 34 MA!
The last time the $INDU got a 100 X 34 MA bear cross was actually a really good time to jump out of the market, summer 2008, about 2 months before the Lehman Bankruptcy......Then at the 34 X 100 MA bull cross it was a great time to get back in (early May).....Now finally after nearly a year we are getting a 100 X 34 bear cross again.....??? Hmmmmm..........
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