Wednesday, February 24, 2010

S&P 500 with Consolidated Daily Moving Average (CDMA)

The CDMA on the SPX is posing as support. Awfully similar to the CDMA on gold I posted earlier...

Correction (02/28/10)!: I think that CDMA was gold's! I was looking at the SPX again, and kept wondering why today the average looked different than the one above. I spent an hour checking my formulas on the spreadsheet, and everything checked out. I can only conclude that when I plugged SPX into the spreadsheet initially, the chart changed the daily prices from gold to SPX, but didn't change the CDMA.

but what's really wierd is how gold CDMA made such great support for SPX!