Hey all,
Very rare that i postso please go easy on me.
Im not sure if this has raised before ( and slap me on the back of the head if it has ) and it's also not normally an indicator i refer to but i have noticed that the EMA 200 moving average has had a rather uncanny ability to predict a top for the asx200 within 1-2%
EG :
ASX200 EMA200
1st June 2011 4742 4733
8th July 2011 4670 4683
28th October 2011 4438 4382
9th November 2011 4366 4370
14th November 2011 4367 4368
19th January 2012 4262 4282 (Current)
Also my daily RSI and Stochs are just moving into overbought position which to me gives it further credence that a reversal could be very near.
If one of my pc's would let me I would post a chart from igmarkets but I have several pieces of software that seem to come up with conflict errors with photobucket and other software so at this stage still trying to work around this.
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Hey all,Very rare that i post so please go easy on me.Im not...
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