Analysis Fri 6/6/08 Mov Avg-Exponential Indicator: Conventional Interpretation: Price is above the moving average so the trend is up. Additional Analysis: Market trend is UP. Mov Avg 3 lines Indicator: Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average. Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. WARNING: Market momentum slowed down on this bar. This is indicated by the fact that the difference between the two moving aveage lines is smaller on this bar than on the previous bar. Its possible that we may see a market pullback.
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