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Breaking the 200-day moving average is not the kiss of death for U.S. stocks, which might explain why the Dow Jones Industrial Average DJIA, +0.29% on Jan. 24 recovered from a 1,000-point plunge and finished up for the day. It was just late last week when both the Dow and S&P 500 SPX, +0.28% breached their respective 200-day moving averages — considered by many stock-market technicians to indicate that the market’s major trend has turned down.
...read full article on Market Watch
