Specifically, the XBD is currently trading below resistance at the site of its descending 20-day moving average.
Click on the following link to see the Daily Chart of XBD since January 2003 with 20-Day Moving Average: http://www.
Click the following link to see the Daily Chart of XBD
Since September 2002 with 10-Day and 20-Day Moving Averages; the Weekly Chart of XBD
Since February 2002 with 10-Week and 20-Week Moving Averages, and the Monthly Chart of XBD
since July 2000 with 10-Month and 20-Month Moving Averages: http://www.
has had a downward bias since March, sinking lower and approaching "double-bottom" support around the 320 region.
If this optimism continues to climb, the XBD
stands a good chance of falling back to its recent lows.
One of the major companies in the XBD
is Morgan Stanley Dean Witter.