The Bonddad Blog
Still nerdy after all these years
Thursday, January 8, 2009
Click for larger image
Notice the following on the chart
-- Prices are right at the 10 day SMA. They have sold-off are a nice rally.
-- The volume today was lighter than the previous day
-- The 10 day SMA has crossed over the 20 and 50 day SMA
-- The 20 day SMA is above the 50 day SMA, but the SMA is now moving sideways.
-- The upward trend line is still in place
Bottom line: we're still in a rally