Just a couple of very simple graphs to guess the trend. For fun only.
First, S&P 500:
Observations:
1. 100 weekly SMA (2 year average) has held well in recent drops.
2. 200 weekly SMA (4 year average) was touched once unsuccessfully.
3. As long as 100 MA holds, bulls still have chance to test 200 MA again.
Second, Nasdaq:
This picture may not be clear enough. Let me try QQQQ instead.
Observations:
1. 200 weekly SMA is on top of 100 weekly SMA, although they are close.
2. The two lines serve as strong supports. I'll not be bothered if I hold long positions for long term.
If both Nasdaq and SPX break the two lines, it will be a great chance to sell. But it rarely happens and it's not the time yet.
狗仔卡
发表于 2010-8-13 02:36 PM
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变色卡
发表于 2010-8-13 03:00 PM
