The DJIA has
already blown thru its 50 dma and 100 dma.
The S & P and
Russell 2000 have blown thru their 50 dma and have yet to test their 100
dma.
The COMP has yet to
test either.
History
does not always repeat itself, but it does often rhyme. My current approach is
the following: As the taper draws nearer and earnings season wraps up, all
indexes will eventually test their 100 dma and bring their 200 dma into
view.
50 dma = red
100
dma =pink
200
dma = yellow
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