Monday, January 2, 2012

2 Jan 2012

 This is my composite indicator of all time frames.  I circled the point where the 55 day moving average crossed the 233 moving average.  There was a fake crossover in 2008 that failed.  The 2010 crossover lasted a few months and would have gotten us back out in May (we got out anyways, but just saying) 2011.  Here we are headed for a bullish crossover.  Will it be like the 09 crossover or the 08?
 In the middle, hold long's decline stalled on Friday signalling some short term strength.
This is still just doing nothing useful and is in the middle for the medium term.  I would like to see this overbought or oversold to help give us a clue. 

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