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sneezy67
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Did the Crisis of Our Lifetimes Begin Last Week? - Graham Summer - Gains Pains & Capital

Thud....bounce.....bounce......poof.....

Commented 3153 days ago

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Beginning of the headline :The market’s technical damage of the last week has been severe. The stock market began its near-vertical climb in late 2012. Since that time, the 126-day moving average (DMA) and 280-DMA have served as major lines of support for the bull market. The 126-DMA acted as initial support whenever the market began to lose momentum. And if the 126-DMA was taken out by intense selling pressure, the 280-DMA acted as CRITICAL support, as it did in October 2014. Last week we sliced through both lined wit... Read More

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