Some fun with moving averages... going back to the beginning of the 2003-2007 rally.
A convergence of the 50, 200 and 400 sma's seemed to confirm the rally underway in the ensuing months of 2003...
I'm not sure of the signifiance, but could we be seeing similar bullish signs now?
The yelllow 50 day sma is only an intraday away from crossing that 200day red sma for the first time since 2003.
The next mountain for both of them to climb, or cross, the blue 400 day, is some distance away yet...
Robb, the US dollar index fell sharply last night, so you could be right. ;)
wednesday , page-8
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