CONVERTED
Art Cashen often mentions how he watches the 90 day SMA on the SPX and I must admit that I never followed it but decided to check it out today. Well, check it out (blue line) as it has acted as a wall of resistance during the recent downtrend. Not sure it was helpful during the uptrend but it certaintly is something to put on the radar screen along with the 50 and the 200.
posted by DAVID at
2:54 PM
2 Comments:
FYI:
Some use 90 day and 90 week sma's as bear market/bull market delimiters.
-jjc
A better, and in my estimation more meaningful tracking method is the 90-period EMA. Overlay it on a weekly INDU or SPX chart with the 90-period SMA and you will see what I'm talking about.
And yes it could be used as a bear/bull delimiter. Hadn't thought of it in that way but it could.
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