A simple 12 period ma on SP500 monthly has been a good bull/bear delineater.
It is right on it with 3 days to go.
Since 1998 it would have been the lazy man's trading guide.
In 1998 it did go below and then recover so not fool proof.
With a 3 day US weekend coming up I doubt a bullish weekend finish.
I know it is a horrible thought but 911 and APEC and market timings make me hope that we don't see any disaster in this fair land.
You know that November actually means 9.
The great war armistice was Nov 11 or 911.
The low here in 1987 was Nov 11 or 911.
I am not into conspiracy theories but.....
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |