Breakdown

By Edward Harrison On Jun 7, 2010

I know the S&P is now through both the 50-day and 200-day moving average but it did break out to the upside last time it broke down below the 50-day.

The 200-day breakdown is a bit more serious though, of course. You will notice the time frames of the last two serious breakdowns in the SMA-200 preceded the last two recessions.

So here’s a little Tom Petty & The Heartbreakers circa 1999 live in Hamburg then to take the edge off.

Feel better now? No? Well Here’s another version from 1985 in Orchard Park. Enjoy.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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