| Date | Close | Phase | 50 DMA | 200 DMA |
|---|---|---|---|---|
| 1/2/2008 | 3461.219971 | -2 | 3536.371582 | 3505.101807 |
| 1/3/2008 | 3397.060059 | -2 | 3529.352783 | 3506.520264 |
| 1/4/2008 | 3437.790039 | -2 | 3525.255859 | 3508.125 |
| 1/7/2008 | 3353.060059 | -2 | 3518.411133 | 3509.111816 |
| 1/8/2008 | 3338.27002 | -2 | 3512.194336 | 3509.706055 |
| 1/9/2008 | 3344.530029 | -3 | 3504.942139 | 3510.399414 |
| 1/10/2008 | 3311.070068 | -3 | 3495.732422 | 3510.931641 |
| 1/11/2008 | 3287.340088 | -3 | 3485.08374 | 3511.197754 |
| 1/14/2008 | 3218.139893 | -3 | 3473.477539 | 3511.280029 |
| 1/15/2008 | 3154.580078 | -3 | 3460.455078 | 3510.908447 |
| 1/16/2008 | 3058.48999 | -3 | 3445.553467 | 3510.044678 |
| 1/17/2008 | 3139.879883 | -3 | 3434.044678 | 3509.512695 |
| 1/18/2008 | 3104.25 | -3 | 3422.72583 | 3508.592285 |
| 1/21/2008 | 2917.149902 | -3 | 3407.406982 | 3506.513184 |
| 1/22/2008 | 2866.550049 | -3 | 3391.277832 | 3504.116455 |
| 1/23/2008 | 2983.620117 | -3 | 3378.956543 | 3502.034668 |
| 1/24/2008 | 3050.090088 | -3 | 3369.73584 | 3500.172119 |
| 1/25/2008 | 3159.47998 | -3 | 3363.416504 | 3498.866455 |
| 1/28/2008 | 3041.060059 | -3 | 3353.739258 | 3497.208496 |
| 1/29/2008 | 3049.899902 | -3 | 3345.185547 | 3495.590088 |
| 1/30/2008 | 3000.030029 | -3 | 3336.366943 | 3493.519287 |
| 1/31/2008 | 2981.75 | -3 | 3327.767578 | 3491.351807 |
| 2/1/2008 | 3007.800049 | -3 | 3319.158447 | 3489.388672 |
| 2/4/2008 | 3077.080078 | -3 | 3313.756348 | 3488.317871 |
| 2/5/2008 | 3038.419922 | -3 | 3308.266846 | 3486.706543 |
| 2/6/2008 | 2931.969971 | -3 | 3300.388428 | 3484.423828 |
| 2/11/2008 | 2868.290039 | -3 | 3289.382813 | 3481.892822 |
| 2/12/2008 | 2926.22998 | -3 | 3280.454346 | 3479.710693 |
| 2/13/2008 | 2949.540039 | -3 | 3272.051025 | 3477.423828 |
| 2/14/2008 | 3045.590088 | -3 | 3263.398438 | 3475.658447 |
| 2/15/2008 | 3088.679932 | -3 | 3254.746826 | 3474.295654 |
Looking at the phase column, you can see that the market was already in "Distribution Phase" beginning of this year. I have used numbers to represent the different phases. Please refer to Legend below.
And on the 9 Jan 2008, it moves to the Bearish Phase. Strategy now is to move to the short side, reduce or eliminate long position.
Remember, the trend is your friend. Don't fight the trend.
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