Please take note that unlike other chartists, the 200DMA I used is a smoothen MA known as EMA. As such you may ask why my DJIA chart is below 200DMA compare to other which saw their DJIA above 200DMA.
DJIA - as you can see it is unable to cross my 200DMA line (Blue color) after many many attempts. The recent pullback has started to see another bearish signal, i.e the short term moving averages or STMA (group of lines in white) has penetrated the Long term moving averages or LTMA (group of red lines) as defined by Guppy as a Bearish signal. As you may know, once the STMA goes under the LTMA, a downtrend will be established
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