Tuesday, September 13, 2005

BEAR MARKET


*click to enlarge

Wonderful pattern during bull market, rising parallel

long term moving averages with 200 wk above 400 wk, then you stay the course.

BUT, after more than 10 years maybe 20, the 200 has converged and gone below 400 wk, IMHO this is not a pause in the bull but sign of the bear has JUST begun! Weaker declining MACD and RSI during the last 2 plus years confirms it for me.By the time the 400 wk SMA slopes downward, we'll be knee deep in it.

Duratek

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