I was reading (a rather bearish) article yesterday. they reckon...

I was reading (a rather bearish) article yesterday. they reckon that within the downlegs of a bear market that the 50 day MA is the resitance line for the minor bounces. However if the index manages to break out into a fully fledged bear market rally then the 200 day MA is the point where the rally would end....certainly that was the case at the peak of the may rally.

So we are now at the 50....if we can break through there may be several hundred points in it taking us up to the 200.....othewise back she goes again.