The Bonddad Blog
Still nerdy after all these years
Tuesday, October 27, 2009
A.) The IEFs are bounded by two trendlines right now.
B.) There is a second upward trend that started at the beginning of August.
C.) There is a third trend line that is providing support for prices.
D.) Prices have moved through line C (mentioned just above).
Note that EMAs are turning bearish.
-- The 10 and 20 are moving lower.
-- The 10 day EMA has moved through the 200 day EMA; the 20 is about to.
-- The 50 is just turning negative.
-- Prices are below all the EMAs