"I just love moving averages".....so do i. obviously so do the major institutions because that move was as close to perfect as you can get :)
btw....i've found that moving averages work well on both long and short timeframes. they helped me get out of my long position on the spx this morning just in time. shame i couldn't trade to short side as well this morning....boohoo - had to get ready for work. in the short time it takes to have a shower, the u.s. totally fell apart.
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