Tuesday, January 13, 2009

Today's Markets

Click for a larger image

Notice the following on the daily chart

-- The SMAs are bunched together. The 10, 20 and 50 day SMA are less than a point and a half away from each other

-- Prices are below all the SMAs

-- Prices have broken through the uptrend started in late November

-- Prices are below the downward sloping trend line

-- Volume has been increasing as prices have been dropping