Stock Market Panic In Progress: S&P Is Now Right On Its 200-DMA, Largest Tax Hikes In The History Of America Imminent, Rail Traffic Turned Down Sharply This Week, Global Credit Cycle Lurches Down, People In Spain Are Experiencing Inhumane Situations, And Greece Unlikely To Get Bailout Next Week
November 10th, 2012
TRADER ALERT: S&P Is Now Right On Its 200-Day Moving Average
The Stock Market Is Tumbling Again, And Itâ€™s Right On The Infamous 200-Day Moving Average
Alert! The stock market is falling.
And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important â€śsupportâ€ť level.
If we break through it, some people might freak out.