Tuesday, September 27, 2011

Just a reminder

Just a reminder that the market is well below its 200-day exponential average. This is different than violating it by a small amount.
This is the Dow Transports Average. That move below the average (40-week = 200-day) is a game changer.

So, enjoy your ouzo rally.  The hangover will not be as much fun.

2 comments:

Will said...

http://advisorperspectives.com/dshort/charts/index.html?2011/SPX-4-percent-plus-declines-since-2000.gif

Hi Mike,

Thought you might find this interesting. Here's a snapshot of volatility, but in terms of +-4% days and when they have occurred.

-Will L.

Quick Takes Pro said...

nice chart. Just about all of these huge downs - and ups - occur in bear markets.