Dow has 2 closes below the 5 day EMA

Discussion in 'Technical Analysis' started by mattjclark, Jan 12, 2004.

  1. That's the first time we've seen that in almost 2 months. Is this the start of a 100-300 point pull back, or just some pre earnings season jitters?
     
  2. marketsurfer

    marketsurfer Sponsor



    yes.


    best,

    surfer :)
     
  3. Pabst

    Pabst

    No other major average closed below it's 5 day.
     


  4. I can think back to other times when the Naz and Dow were not trading in sync (as recently as a month ago), but other than Jan-Mar 2000 I don't think any of those periods were terribly significant.