The blue line is placed when the derivative of the moving average moves from positive to 0. In other words, the moving average is curling over. For the 20 ma to curl over the BPSPX:CPC must move below the 20ma. Which it has done today. It looks like sometime tomorrow will be a good short.Monday, April 19, 2010
BPSPX:CPC
The blue line is placed when the derivative of the moving average moves from positive to 0. In other words, the moving average is curling over. For the 20 ma to curl over the BPSPX:CPC must move below the 20ma. Which it has done today. It looks like sometime tomorrow will be a good short.
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