Friday, January 14, 2011

S&P Melt Up Price Momentum: A Once In Never Event | zero hedge

S&P Melt Up Price Momentum: A Once In Never Event | zero hedge

"while as part of the recent surge in the S&P, the market has gone for "92 days without closing below its 50-day average, which has been matched only 17 other times since 1928." Where it gets scary, is that as pointed out, during this time the market has not closed below the 10 DMA once during the past 30 days."

...this has never happened before, in 82 years of history

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