Indices Closing Above Their 200 D-SMA .. That's No Joke In Market Timing

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

As of today's close, NAZ, DJI, NDX, OEX and SPX are all trading above their 200 D-SMA's.   That's  no joke in market timing.  Many mathematical timers developed by quants use the 200 D-SMA as a basis to determine probable direction of the underlying trend of indices.   A close above 200 D-SMA turns many timers from "short" to "neutral" or from "neutral" to "long".   That forces short covering and also pushes many money managers to start opening long positions.

Higher we go.

Face Book

Twitterrns

opader@gmail.com

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.