BOP, SPX, & My Thoughts
#1
Posted 10 March 2007 - 12:41 PM
I may be too concerned about current price action in relation to the money flow, BOP, but there are some things that are not adding up in my estimation.
The charts below have notes, and take a close look at the second chart as to price vs. BOP action now and during the May-July'06 period.
IMVHO, we get another bounce (1417-1421), a decline (1395-1381) and the last rise, (1431-1446).
If the decline comes first and 1381 does not hold, 1359-1356 is next.
I could be wrong, but today this is what I see. Might change my mind after Monday.
Comments welcomed.
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 10 March 2007 - 03:13 PM
#3
Posted 12 March 2007 - 04:09 PM
Not changing my mind, ..............yet
I may be too concerned about current price action in relation to the money flow, BOP, but there are some things that are not adding up in my estimation.
The charts below have notes, and take a close look at the second chart as to price vs. BOP action now and during the May-July'06 period.
IMVHO, we get another bounce (1417-1421), a decline (1395-1381) and the last rise, (1431-1446).
If the decline comes first and 1381 does not hold, 1359-1356 is next.
I could be wrong, but today this is what I see. Might change my mind after Monday.
Comments welcomed.
mss
161
Edited by mss, 12 March 2007 - 04:11 PM.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!