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<p>[QUOTE="yakpoo, post: 724562, member: 18157"]I usually look at the 14 and 30 day MAs, but with prolonged upswings like we've had, the 60 day MA takes on more relevance (personal opinion). </p><p> </p><p>I fully expected a consolidation around $980 before starting the next leg up...but today's GDP number was quite a surprise. I still think the trend is lower in the short term, though...we'll see.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 724562, member: 18157"]I usually look at the 14 and 30 day MAs, but with prolonged upswings like we've had, the 60 day MA takes on more relevance (personal opinion). I fully expected a consolidation around $980 before starting the next leg up...but today's GDP number was quite a surprise. I still think the trend is lower in the short term, though...we'll see.[/QUOTE]
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