Yesterday was a key reversal day on the S&P
Open-1503, Hi 1514.83,Low 1500.43 Close- 1501.19
Key reversal day - http://www.incredibl...ey_reversal.htm
Cheers
B04
Key reversal day on the SPX???
Started by
bearish04
, May 16 2007 02:06 AM
2 replies to this topic
#1
Posted 16 May 2007 - 02:06 AM
#2
Posted 16 May 2007 - 04:33 AM
Yesterday was a key reversal day on the S&P
Open-1503, Hi 1514.83,Low 1500.43 Close- 1501.19
Key reversal day - http://www.incredibl...ey_reversal.htm
Cheers
B04
B04,
I don't believe yesterday qualified as a key reversal day. One component of the definition contained on your linked site specified "close below previous low" for a key reversal day following an uptrend. The low of the previous day was 1498.34 and the close yesterday was 1501.19. Maybe that's why nobody noticed, eh?
Lee Scharpen
#3
Posted 16 May 2007 - 04:51 AM
Yes, apologies. It does not qualify as a real key reversal allthough it came close
Regards
B04