Stocks Have Taken Out Critical Support… Prepare Now!

Wednesday, February 17, 2016
By Paul Martin

By: Graham Summers
GoldSeek.com
Wednesday, 17 February 2016

One of the most critical lines to watch is the 12-month moving average for stocks.

Historically this line has served well as a proxy for determining if stocks were in a bull or bear market. When stocks rallied above this line, they were in a bull market. When they fell below this line, they were in a bear market.

As you can see, this line was a great metric for targeting when to enter or exit the markets.

The significance of this line was somewhat obscured by Fed policy post-2009. Put simply, anytime stocks broke below the critical 12-month moving average, the Fed unveiled a new monetary program to reignite the bull market.

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