26/11/2012

NAS below Important R line now. Golden cross ready probably in the beginning of next week

NAS day now. There are two things to observe with Nas now. First the very steep uptrend of the 8 MA that will continue this strength for about at least two days and should stop any sudden drop.Secondly the falling 50 MA which will continue to fall several days enough to cross the sideways moving 200 MA. This so called golden cross is a bear market sign and should be in place early next week. The steepness of the 8 MA will decrease from Thursday.

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