SPX TOGETHERNESS

Talk about togetherness, SPX-1397.84, 34ema-1397.62, 89ema-1397.41, and then we have "spielchekr's" great confluence chart, CLICK HERE. Now we must consider the TREND line and the well known 1402 - 1409 resistance lines, green box. Guess where the 55ema is, 1408.75. Back to the old 8-34 cross and it has not happened, and the 13 - 34 has not crossed. Check the VXO also.
For a moment of reality check, is the suggested YELLOW triangle a viable pattern? If so we could have a real shake out next week or two. Old "wives tail" price has not traveled 2/3 of the way to the apex.



Comments welcome,
mss

Your weekly 8/34 ema crossover is currently at the intraday ATH:

May not be important, but my 5 period RSI is showing divergence, one chart must be in error, I was not able to find another on the Internet to see which may be incorrect. Rick

May not be important, but my 5 period RSI is showing divergence, one chart must be in error, I was not able to find another on the Internet to see which may be incorrect.
Rick

Your's is on a DAILY chart and mine is on a WEEKLY chart, if I read your's correct.

Your weekly 8/34 ema crossover is currently at the intraday ATH:

I know you are smarter than I am, but you going to have to show me how you got that number.

btw: no one has caught the misspelled word yet

Edited by mss, 26 April 2008 - 03:09 PM.

I was wondering, I did not think stockcharts.com would be wrong. I must be very tired. lol