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Sunday, April 26, 2009

Will Stock market hit 200 DMA?

I blogged that I think the market may hit the 200 DMA, basically near DOW 9K, SPX 900-950 in the next few months.

I distinctly believe this still to be possible. But keep in mind the 200 DMA keeps moving lower, and its possible the S&P will hit the 200 DMA when its 850 in a few months from now.

So if your long, from before Q4 2008, consider lightening your position by some percentage.

Take a look at the S&P500 from the last 3 years, then from the last few decades.
The overall trend still looks down, and today may be highest you will see for decades.

From WebSurfinMurf's Financial Blog

From WebSurfinMurf's Financial Blog

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