Prices are below the 200 day EMA, indicating we're in a bear market. Also note that prices have broken the upward sloping trending. In addition, prices are now in a downward sloping channel. All of the shorter EMAs are moving lower, the 10 day EMA has moved through the 50 day EMA and prices are below all the EMAs. However, the EMAs are bunched together indicating there's still some confusion about where traders want to send prices.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.