Thursday, March 10, 2011

Don't Panic


These charts shows why you shouldn't panic.  It's the Value Line Arithmetic Index of 1700 stocks in 5 minute increments vs. the 20, 50 and 100 increment moving averages

The bottom chart is a the same index vs. a 14 interval turtle chart.

Both charts show the Index tanked at the opening and stayed in a very narrow trading range all day.

Get a good nights sleep and look forward to tomorrow

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