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S & P 500 Index support levels
Posted on 6/4/12 at 7:31 am
Posted on 6/4/12 at 7:31 am
I wanted to make a fund transfer to the S & P Index fund from a cash fund within my 401K plan. I do not understand moving averages. Do I "buy in now?" I saw that the index was 1420 a month ago. Thanks.
2
Posted on 6/4/12 at 7:45 am to CharleyLake
Honestly, I think your best move would be to go checkout "A Random Walk Down Wall St" which talks about timing the market.
Posted on 6/4/12 at 8:33 am to CharleyLake
I'm not a big timing/technical guy, but I'm not confident at putting new money to work just yet...
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
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