XJO - Bear Posts only (Factors which might cause the markets to fall), page-4653

Speaking of the weekly 200MA on NDQ - any TA geeks might find the break in '08 of interest.

The initial test was same as last week.

Current week is similar to second of breakdown in '08

Couple of things that stand out

1. Volatility around that MA
2. The weekly 200MA was a magnet for a month (hence the volatility)

I'll let the TA geeks look it up for themselves.

Oh and after week four it was a magnet no more - that's when the real sell came...