Here is a chart to notice play between 50 EMA vs 89 EMA.
You will notice Orange Arrow a buy signal in Jun 2009.
Till now 50 EMA never has tested 89 EMA. This would be a reliable signal when it comes of trend becoming weak.
Rest all is just mirage in this market. Anybody long on DOW watching this crossover would be the one laughing to bank.
Quote:
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Or it could be a "false" break out above S&P 1120 resistance and then rollover in US Q1-2010.
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Also interesting is the False signal from the breakout. Then it went down and again it reversed. Killing stops both ways!
The 50 Vs 89 is the only EMA combination holding up!
Hybrid Mode
