Simple Moving Averages

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Just one simple chart to ponder on this Saturday – ProphetCharts has the ability to hide price data so you can focus just on derived indicators. Below is a trio of simple moving averages – 50, 100, and 200 – over the past five years. I find the parallels between the "failed breakdown" (circled) in 2006/2010 and the beginnings of the real breakdown (rectangled in 2007 and right now) to be interesting.