wonderful wednesday, page-7

  1. 7,728 Posts.
    DJIA....

    Price is at 76.4% fib of this leg, and just shy of 50% top to bottom), and closed on the 200 day sma (aqua line), and just above 50 day (yellow)

    Also, notice the (I dislike the sensationalist term) "death cross" of the 50/200 sma's...

    Since that happened last Tuesday, price has risen some 600 points. As I always say, the cross down reflects the past, not the present.

 
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