Replies to post #8268 on MDA - Market Direction Analysis (MDA)

[bbgold]

Just having Fun Augie
It does show how a breakdown of a major SMA as support can create some problems. The SMAs reflect where Price has been finding support. A breakdown of the Indexes long term 20SMA could indeed create a move to support at the 50SMA which bounces back to resistance at previous support, the 20SMA, and then again turns Down. In other words, if longer term support is broken on the Indexes then the natural path will be Down. Interesting that this chart shows a move below 9000 Eh? I did not see it happen, did you?
Have a Wonderful Weekend Augie! :^)