Thursday Outlook: Where's the Big Fall? [View article]
It is amazing that the author did not comment on the fact that ALL of the world stock market indexes are already below their 200 day moving average. This is easy to follow if you use Yahoo Finance, Day Watch chart with the indexes and the 200 day moving average listed, as well as the decline today and the change from the high, etc.
With all the exchanges below their 200 day moving average and making new lows.... How can anyone be positive on this market? All of the emerging markets are included in this statement. In my opinion the market is in total denial when it continues to make a big case for a bottom here. More "dead cat bounces" are ahead!
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It is amazing that the author did not comment on the fact that ALL of the world stock market indexes are already below their 200 day moving average. This is easy to follow if you use Yahoo Finance, Day Watch chart with the indexes and the 200 day moving average listed, as well as the decline today and the change from the high, etc.
Mar 20 08:28 am
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All Comments by johnthebear »Thursday Outlook: Where's the Big Fall? [View article]
With all the exchanges below their 200 day moving average and making new lows.... How can anyone be positive on this market? All of the emerging markets are included in this statement. In my opinion the market is in total denial when it continues to make a big case for a bottom here. More "dead cat bounces" are ahead!