The Importance of the 200 Day When Trend Following- Another reason to be Bearish?
Many times I have mentioned the importance of the 200 day line. When the market is above this line, the stock market is considered healthy. Contrarily when stocks are below the 200 day line…it is negative…
Need I say more? This chart shows the extreme weakness of the vast majority of stocks. Can it change – Yes..However at the moment it is not looking positive
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