Thursday, April 2, 2009

Dow Rally: New Milestone

On April 1 Dow Jones index reached new milestone: 13 days moving average crossed over 50 days moving average. And this is not Fool's day joke. This is an extremely bullish signal. Again, I am sure that this rally can continue while Dow is over 13 days MA. Why Dow? I don't know. Of course, S&P 500 is much more representative, and Nasdaq 100 looks more bullish this year. But in the last 18 months Dow technical indicators have been showing market direction much better.

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