18 replies to this topic

[da_cheif]

a daily chart of the sp500 cash index with a 50 day ma anda line drawn up across the highs of dec 18 2006 and the hi.s of feb 20 2007....tia

[slatedrake]

lol

Why do I have the feeling that you already know what this one looks like...

nice one cheif...and a real nice close it looks like.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p54009062570&a=109226361&r=5526&.png

[Mtrader]

Nice uptrend, 50mvg strong support. Couldn't be better than that.

[da_cheif]

lol

Why do I have the feeling that you already know what this one looks like...

nice one cheif...and a real nice close it looks like.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p54009062570&a=109226361&r=5526&.png

i get all that on my DTN equip....but i just dont know how to find or post it.....thanks

[thespookyone]

Backtest?

[ogm]

da chief. How about this one. Connect 1987 top, 2000 top and now. This isn't the S&P, but its the makret leader. As a matter of fact this was the major leading index all along. Think we'll retest the 50 ma at some point ? or is this another new paradigm ?

Edited by ogm, 13 June 2007 - 09:21 PM.

[thespookyone]

ogm - Interesting chart, I guess without trying to read in things that aren't there, what I see is an index that just hit a resistance line that's held for 20 years, hmmm. to be fair though, the bottom line has held as well-so dropping through 6000 is probably unlikely, as well.

[slatedrake]

Backtest?

starting to look like it...we'll see



http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=4&dy=0&i=p84675243440&a=109234992&r=6349&.png

[ogm]

ogm - Interesting chart, I guess without trying to read in things that aren't there, what I see is an index that just hit a resistance line that's held for 20 years, hmmm. to be fair though, the bottom line has held as well-so dropping through 6000 is probably unlikely, as well.

Interestingly that interest rates broke the downtrend line that was in place for also 20+ years. Coincidence ?

[Russ]

This is a log chart not a linear like the previous post which is not draw off of the highest points either and if done so shows more room for moving up.

This chart looks to be just starting to break out away from its uptrend of 2004 or so, it looks extremely bullish...just as Don thinks. The chart is drawn using Tradestation's fixed point anchoring which eliminates the problem of eye-balling a trendline to see if you have it exactly on the high or low as is used by stockcharts.com