Market Stage - S&P 500
Posted by bln, May 16 2008, 09:13 AM
Short Term
Bullish - Long @ 1388.28 (May 9) - +35.29 points.
ST trend is mature and is about to end very soon. Looking for a counter trend short signal.
Intermediate Term
Bullish - Long @ 1276.60 (March 17) - +146.97 points.
Market internals are still healthy and strong, but are quite overbought and in the area were the trend usual reverses, so I do expect the IT trend to top and turn down very soon.
Long Term
Bearish - Short @ 1325.19 (January 18) - -98.38 points.
The long term trend is still pointing down ever since, indicating a cyclical bear market.









on Market Stage - S&P 500