Wednesday, January 18, 2006
Intraday : Moving average checks
SMH at 37.87 is very close to its 50-day simple moving average at 37.61. QQQQ (last trading at 42.18) has its 50 DMA at 41.53.
If the uptrend YTD is real, the 5) DMA would be the logical springboard for a bounce. Hence, worth keeping an eye on.
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