Worth tells us he’s closely watching the 150-day moving average on the S&P which he calls the smoothing mechanism. “When the smoothing mechanism flattens by definition the market will be in the throws of a bearish to bullish reversal.”
And he thinks this one technical indicator could speak volumes to investors. “In fact of the last 11 bear markets of the post-War period if you just waited for that alone you would have been at or near the lows when you committed capital.”
http://www.cnbc.com/id/30015070
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