Circled red are instances where the 50MA dips below the 200MA. As past data shown, such occurrences are usually accompanied by a slide of approximately >20%. Be prudent with your investment!
Happy profiting!
Sunday, August 21, 2011
STI Death Cross... 200/50 = 4 (Sound inauspicious)
Probably the most significant event last week was the 50-Day EMA crossing below the 200-Day EMA for the first time since the Lehman Brother credit event. This cross is significant as it is a bear market signal.
Circled red are instances where the 50MA dips below the 200MA. As past data shown, such occurrences are usually accompanied by a slide of approximately >20%. Be prudent with your investment!
Happy profiting!
Circled red are instances where the 50MA dips below the 200MA. As past data shown, such occurrences are usually accompanied by a slide of approximately >20%. Be prudent with your investment!
Happy profiting!
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