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Alert: Shanghai and greenback threatening 200-day averages By Prieur du Plessis, on January 28th, 2010 posted in: Investment, Markets, Money  One comment so far
I mentioned in a post two days ago that all the major stock market indices were still trading above the key 200-day moving averages – an indicator of the primary trend. The Shanghai Composite Index (2,994 this morning) has since fallen to within a hair’s breadth of the 200-day line (2,989). Also, the US Dollar Index (78.77) is right up against its 200 DMA (78.59). These are important levels and one should keep a close eye on them to see where major breaks materialize.
Source: StockCharts.com
Source: StockCharts.com
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