tag:blogger.com,1999:blog-12333088.post1812976966079381745..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on February 9, 2011Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12333088.post-58507182183977051912011-02-09T18:05:01.126-05:002011-02-09T18:05:01.126-05:00Correction to my previous comment.
It is the dis...Correction to my previous comment. <br /><br />It is the distance between 50 ema and 200 ema, which historically peaks at about 7 %. <br /><br />Sorry abt the mistake. <br /> <br />RR Nhttps://www.blogger.com/profile/00826716782058408717noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-45444132390363771342011-02-09T09:18:15.803-05:002011-02-09T09:18:15.803-05:00One of the metrics I watch, is the distance betwee...One of the metrics I watch, is the distance between the index and its 200 EMA. 7% is the max distance between sp500 and its 200ema in the past. <br /><br />With yesterday's SP500 price level,7 % level is reached. I believe the market has hit a short term peak. <br /><br />RR Nhttps://www.blogger.com/profile/00826716782058408717noreply@blogger.com