Nasdaq and S&P on the cusp of a Breakdown

derektrader said:
They are hanging by a thread. The 50 dma is barely holding them up.
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They could break the 50, then hold the 200. It's not exactly "crashville" just because the 50 breaks.

(There is almost always "information" about the market at the 50 & 200 day. Sometimes the information is, "the market isn't paying any attention to them just now".)
 
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Scataphagos said:
They could break the 50, then hold the 200. It's not exactly "crashville" just because the 50 breaks.

(There is almost always "information" about the market at the 50 & 200 day. Sometimes the information is, "the market isn't paying any attention to them just now".)
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% %
TECS was a good buy below 50 dma;
but I seldom hold those inverse[bear] ETFs overnite...…………………………………… Actually a 20dma maybe a thread;50/200 dma tend$ to be ropes.When they bend + break/polar bears feed well/LOL
 
Scataphagos said:
It's not exactly "crashville" just because the 50 breaks
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True, but a breakout of the 100 and 200-day moving averages will usually start with a breakout of the 50-day moving average first... :cool:
 
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Scataphagos said:
They could break the 50, then hold the 200. It's not exactly "crashville" just because the 50 breaks.

(There is almost always "information" about the market at the 50 & 200 day. Sometimes the information is, "the market isn't paying any attention to them just now".)
More...

There really is little doubt about how the 50 and 200 day work. For anyone who doesn't know or believe, suggest looking at lots of charts to discover the correlation... individual stocks and indexes.
 
The naz broke through the 50 dma. The only reason the market didnt fall further was because today was the 911 anniversary and I think they may have held the market up. I am fine with that.
 
derektrader said:
The only reason the market didnt fall further was because today was the 911 anniversary and I think they may have held the market up.
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Hmmm...

You should really work for the CNBC financial network, at the end of the trading day their talking heads can ALWAYS explain why the market moved the way it did, no matter what direction it went.
 
derektrader said:
The naz broke through the 50 dma. The only reason the market didnt fall further was because today was the 911 anniversary and I think they may have held the market up. I am fine with that.
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Really. So the fact that today the contracts rolled-over had NOTHING to do with it?
 
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