The Dow came broke through the 50-day moving average to the upside after The Federal Reserve dropped key interest rates. This is good news for anyone that owns stocks. If the Dow can remain over the 50-day moving average for another day, this would probably be a buy signal for the near term and it should test the 100-day moving average. This is still a volatile market and investors should still be very cautious, however. This is the first time the average has been significantly above the 50-day average since September.
http://finance.yahoo.com/q/ta?s=%5EDJI&t=6m&l=on&z=l&q=l&p=m50,m100&a=&c= Obama Crash day 42 - Dow up 360 points Election day - 9625 December 16 - 8924 Down 701 or 7.1% since Election Day ************************************************* Impeach Blagojevich http://www.cafepress.com/rightwingmike _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
