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oldfashionedway (35.40)

August 2009

Recs

7

ridges, troughs, and other meteorological terms

August 18, 2009 – Comments (2) | RELATED TICKERS: SPY , DIA

While pondering the ongoing debate, 'Are we in a Bear Market rally or is this the beginning of a new Bull Market run', I pulled up a ten year chart of the SPY index, (which is very easy for even a financial and computer novice like myself, courtesy of the brilliant people at TMF).  I then simply added the 200 day moving average, which produced a line with two distinct 'ridges' and two corresponding 'troughs'.  A similar correlation is evident with a chart of DIA.  [more]

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