The Bonddad Blog
Still nerdy after all these years
Thursday, September 18, 2008
On the daily chart notice the following:
-- The general trend since the end of August is down
-- All the shorter SMAs are heading lower
-- The shorter SMAs are below the longer SMAs
-- Prices are below all the SMAs
-- Prices have moved below the 117 level, but have bounced back to 120.
This is still a bearish chart. But the good news to today we saw the slide stop (at least for now).