Thursday, October 27, 2011

Right Up Against the 200 Day Simple Moving Average

Usually the 200 day simple and exponential moving averages don't have such a wide variance but we have a nearly 40 point difference between the two right now.   I usually focus on the exponential (there is no 'right' or 'wrong' one to use), but since it has an impact on the current situation let me highlight the 200 day simple moving average up here at 1275.

Obviously coming into the week nearly overbought, we are now there.

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