12/01/2008

That Little White Line

Remember those heady crude oil days. Ah the memories. Have a look at this old daily crude oil chart. See that little white line. See all the bounces off it on the way up.

Now look at this daily DOW chart. See that little white line. See the two bounces off it.

Apparently it works both ways.

Oh yes, the little white line, it's a 34 EMA.

2 comments:

thelonelytrader said...

LOL! Never thought one could find humor in a moving average...

Solfest said...

Why not, eh?