The Bonddad Blog
Still nerdy after all these years
Monday, December 29, 2008
Click for a larger image
Notice the following:
-- Prices have not moved above the downward sloping trend line that started in October
-- The SMA picture is still very cloudy. The SMAs are bunched together in a very tight range and aren't showing strong direction either way
-- Prices are slightly below the SMAs, but that's just not saying much right now.
Bottom line: this is a very indecisive picture.