Monday, November 21, 2011
Dow 50/200 Month Moving Average
As long as we're on the subject of trends, below is a great trend chart of the Dow over the last 100 years. The trend lines are the 50 and 200 month moving averages, which are increasingly converging as the market continues to move sideways. The last time that the two averages converged was in 1980 at the start of a 20 year bull market. Will that condition be met again before there's another true bull?
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