Sunday, March 6, 2011

NYSI NYSE Summation Index Daily Chart

NYSI NYSE Summation Index daily chart hints at a sideways posture moving forward but the 20 MA is sloping upward sharply to intiate a cross. Price dropped under the 20 MA to signal November's selling and again in late January to signal broad market selling.

Now price is comfortably 40 points above the 20 MA. Does it remain this way to keep the bulls happy or does price collapse thru the 20 MA ushering in broad market selling? Simply check it each day to find out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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