Thursday, March 18, 2010

Yesterday's Market



This is a three year chart in weekly increments. In other words, this is a big, longer term picture.

A.) Prices hit resistance at the 200 week EMA and fall back.

B.) Prices hit the 200 week EMA and move through it.

This is a very important technical development, as the 200 day/week EMAs are what separate bull and bear markets.