ini grafiknya http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=&c=
dibanding IHSG malah lebih sip http://finance.yahoo.com/q/ta?s=%5EJKSE&t=1y&l=on&z=m&q=l&p=m50&a=&c= just follow the trend, right??? S&P 500 Tops 50-Day Moving Average in Bullish Sign to Traders Email | Print | A A A By Elizabeth Stanton and Eric Martin Dec. 17 (Bloomberg) -- The U.S. stock rally spurred yesterday by the Federal Reserve's rate cut pushed the Standard & Poor's 500 Index above its average level during the past 50 days, a signal to some traders that the advance will continue. The benchmark index for American equities surged 5.1 percent to 913.18, exceeding its so-called 50-day moving average for the first time since Sept. 3. That's the longest stretch since August 2002, according to data compiled by Bespoke Investment Group LLC. The S&P 500 spent most of the year trading for less than the moving average as it plunged 38 percent. The index jumped 21 percent since sinking to an 11-year low on Nov. 20, driven by President-elect Barack Obama's economic stimulus plan that may reach $600 billion and the Fed cutting its benchmark lending rate to a record low. Surpassing the 50-day average may be a sign investors are less concerned the S&P 500 will give up its gains. "It's a positive point, and short-term-trading people will use it as a buy signal," said Mary Ann Bartels, chief market analyst at Merrill Lynch & Co. in New York and the second-ranked technical analyst in Institutional Investor magazine's 2008 survey. "It's another sign that the market is improving." To some technical analysts, who study charts to make price predictions, surpassing a moving average suggests a majority of investors have turned bullish. `All Available Tools' The S&P 500 jumped the most since Nov. 24 yesterday after the Fed lowered its target for the overnight lending rate between banks to a range of zero to 0.25 percent and said it will employ "all available tools" to revive economic growth. The closing level of 913.18 was 1.2 percent higher than the 50-day average of 902.37. Should the index reach 1,007.51, its intraday peak on Nov. 4, it would probably surge another 19 percent to 1,200, Bartels said. A failure to break through that point would increase the likelihood of a plunge below 741.02, the 11-year low reached on Nov. 21, she added. Yesterday marked the end of the 18th period in which the S&P 500 stayed under the 50-day moving average for at least 67 days, according Harrison, New York-based Bespoke. In prior occasions, it gained 1.7 percent, 4.4 percent and 3.5 percent on average during the ensuing week, month and half year, respectively. Over the three-month span, it lost 0.3 percent on average. "It's good," Roger Volz, senior vice president at Hampton Securities Inc. in New York and a technical analyst since 1982, said of the S&P 500's close above its 50-day moving average. "It's a marking gauge for the condition of the charts and the probability we see a continuation in direction." To contact the reporters on this story: Elizabeth Stanton in New York at estan...@bloomberg.net; Eric Martin in New York at emarti...@bloomberg.net. Last Updated: December 17, 2008 00:01 EST
