Friday, May 2, 2008
18 Month Exponential MA's
The 18 month exponential moving averages have been very reliable long term gauges for many markets. It's simple; above the 18 is a good market. Too far above it needs correction. Below it is not good. If the SPX makes a monthly close above the 18, I will take it more seriously. Gold is clearly shown in need of a healthy pull back. Check out the other markets shown as well. I love this stuff.