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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Tuesday, July 13, 2010

Market Death Cross

On the right hand side of this blog is a link of when to buy and sell stocks. That indicator uses the 20/50 simple weekly moving averages.

There are other indicators people use to try to remove themselves from the emotion of the market and trade by other trend indicators. Once is the 200 and 50 Simple Daily Moving Averages.

As you can see, from this guide, its looking pretty grim for the market, another big leg down perhaps is underway.

Like I said before, will be interesting to see where the market is this Monday EOD.

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