Interesting chart

Just want to post an interesting chart I’ve constructed.

It’s just a ratio of stocks above 50 DMA to the ratio above 200. If you zoom in the ratio started its spectacular advance from the day that I’ve marked in this post as a possible start of short covering rally. Back then I’ve said:
Not my experience [...]

Tags: Dma, Rally, Spectacular Advance, Stocks, Zoom

This entry was posted on December 14, 2008 at 1:00 am and is filed under Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.