5 replies to this topic

[Woody]

For NYSE need -694 to get MCO below zero, Yahoo says -1106 now For Naz need -766, have -802 now Nothing is a given with the current volatility but a weak close (breadth wise) means a drop below zero on the MCO's and increases the likelihood of MCSUMMs falling off of their ledges Good news would be a positive divergence on breadth versus price if price gets down to the lows or lower.

[ogm]

For NYSE need -694 to get MCO below zero, Yahoo says -1106 now

For Naz need -766, have -802 now

Nothing is a given with the current volatility but a weak close (breadth wise) means a drop below zero on the MCO's and increases the likelihood of MCSUMMs falling off of their ledges

Good news would be a positive divergence on breadth versus price if price gets down to the lows or lower.

Good news for whom ?

[hiker]

woody..1515 to 16 same spx cash horiz. level I have marked on my chart btw, yest and today's highs interesected a prior rising bottoms t/l on the daily just about perfectly...FWIW today's low so far has held at the 15 day sma on SPX cash

Edited by hiker, 20 June 2007 - 02:04 PM.

[Woody]

For NYSE need -694 to get MCO below zero, Yahoo says -1106 now

For Naz need -766, have -802 now

Nothing is a given with the current volatility but a weak close (breadth wise) means a drop below zero on the MCO's and increases the likelihood of MCSUMMs falling off of their ledges

Good news would be a positive divergence on breadth versus price if price gets down to the lows or lower.

Good news for whom ?

OGM, sorry, its a good setup for the Bulls.....just covered some intraday shorts will see how we close, may put them back on before days end........must be Financial issues causing bigger % drop in Spooz vs Dow.

[eminimee]

I've now got 1518 spx a must hold on close....above it and I'm still got a horn on.

[hiker]

spx cash 20 day ema has just failed on 1 minute, but may be just a test.