This is also posted on the FF Board Titled: Thank you .Blizzard.
Blizzard posted a nice thread about the 80week ema and some charts.
Below is a longer term chart of the SPX weekly using the 34 & 89ema as trigger/signal of trend change and the LT "line in the sand". Notice the RSI position and the "touch" of the low point on the 89ema. The break of the SPX is forewarned by the indicators in the 2000 "bear" leg. Notice the '97 early period when price bounced off the 34ema, and in '98 broke it and declined to the 89ema.
Price is very close to testing the 34ema and if history is worth anything, a break would indicate a long way down, a bounce would indicate a second chance. TWT
Comments welcomed.
mss
mss