3 replies to this topic

[mss]

Time frame of two years for the 2000 top and current two year market. Take close look and note the candles that break the 55ema for both periods. Note also where the 8 & 34 weekly ema's are for both periods.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=1999-01-05&en=2001-01-02&i=p85020007619&a=78325558&r=4439.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=2004-06-05&en=2006-06-06&i=p83821779540&a=78325929&r=3503.png

SO, do we have a TOP forming, or do we still have a BULL market??


These should update daily. 2006 will, don't know about 1999.

Edited by mss, 05 June 2006 - 07:37 PM.

[Rogerdodger]

Could go lower and still not break the trendline from Aug. 2004.

[mss]

Here is a simple chart indicating "safe" BUY/SELL points. Lets see how it does next few days.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=0&dy=13&i=p42137526264&a=78425237&r=7460.png


148

Edited by mss, 06 June 2006 - 08:45 PM.

[mss]

Not looking any better on the hour chart. Might get small "goose" need vol. TWT 244

Edited by mss, 13 June 2006 - 09:47 AM.