friday, page-46

Continuing on with the
Moving avergae conversations,

Justy had a look at the FTSE, DJIA and XAO.

Each time it seems that the 21 crosses the 195 it is a signal to a downtrend (how long is anyones guess), but when the 50 crosses it is all over red rover.

So eyeballing the three indices, I get

FTSE
21 crossed the 195 on 26 May but the 50 is yet to touch (not far off)

DJIA the 21 is still above the 195 but it wont take much

but the XAO looks in the worst position, as the 21 has crossed the 195 and the 50 crossed the 195 yesterdayish.

This seems to be a preserve capital signal for me (run away run away!) and just waiting to be confirmed by action in the next few trading days on the DOW and FTSE.

Pretty grim

Cheers
Pelsaert