4 replies to this topic

[Rogerdodger]

This is a closeup of IYB's 4 year chart.
While we touched the bottom BB and reversed, we are quite a distance above the 55ma and the uptrend line.
Is this a strong market which has bottomed, or did that big down volume show it's just starting down?
CCI has not even turned blue.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=2004-06-01&i=p16672177806&a=58427056&r=4558.png

Edited by Rogerdodger, 14 March 2007 - 08:30 PM.

[da_cheif]

the trendline oscilator bottomed on march 5 as did most of the components of the DJIA......on march 5h the trendline oscilator closed at -5.8......its been goin straight up ever since......you can keep track of it....by calling trendline at 212.438.----...its a recording......every nite....il pm the last 4 digits to u if you want it......

[Rogerdodger]

There is one thing I really liked about today's reversal: I DIDN"T SELL THE BOTTOM!

[crestdorf]

Go Back 15 years on SPX and look at what occurs on the first test of the 200 simple from above after a tag of the upper bollinger bands or any price envelopes on a weekly basis. So, begin looking after a move which starts from the lower weekly bands goes up and over the 200 and then tests upper bands THEN returns to 200 for the first time. Take a look at: 5/10/04, 8/10/99 as examples if you wish.

[vitaminm]

SPX/ may test parabolic monthly buy @1296+/-10



http://stockcharts.com/h-sc/ui?s=$SPX...id=p52359271233