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NYSI THOUGHTS


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#1 Rogerdodger

Rogerdodger

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Posted 02 April 2007 - 08:34 PM

Mr Dev's post below reminded me of this, except it is of the NYA instead of NDX.
The NYSI has just crossed above it's 30MA.
However, look at how many times price breaks in the opposite direction for a bit after such a cross, either way.
It looks like any pullback would be a profitable buy (when the moon is right!) ;)
http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&yr=2&mn=0&dy=0&i=p08764908356&a=18554665&r=244.png

Edited by Rogerdodger, 02 April 2007 - 10:13 PM.