what's he doing to us?, page-28

Donkey303, in case you hadn't noticed, dissenting opinions
are not well received by the fan club.

I haven't looked at UNS for a while, but one thing that
really stands out technically is that yesterdays action on
the ASX took the SP below the 200 day moving average for the
first time since May. It was actually a gap-down day that
closed BELOW the 200day MA. For those not familiar with
Technical Analysis, the 200 day moving average is a big deal.
A close below it would likely cause the last bullish
technical analyst( if there were any left) to finally sell.

Not co-incidentally, the SP also plunged below the 200dma on
the NASDAQ last night on more than double average volume, and
closed well below it. In mid-August the 200dma provided support (almost to the cent) for 6 days in a row....the fact that it has failed so comprehensively this time is, technically, very ugly indeed.