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Any of our readers that have been following the Share Price Index (SPI) know it has definitely been a good few weeks for records, with virtually new highs achieved day after day.

Six weeks ago when the market was quiet - very bearish even - contrarians were taking a lateral view and setting themselves up to buy when everyone else wanted to sell.

Trading is a tremendously rewarding and satisfying pursuit on numerous levels.

This week I thought I might take time out to look at a fairly simple indicator that many Trading Tutors readers would be aware of - the 200 Day Simple Moving Average (200 MA).

At the time of writing (Monday 27th March 2006) the futures market on the Australian Share Price Index (AAI-SpotV) just crossed 5100 and I am starting to wonder whether I am truly a bear out of season.