4 replies to this topic

[mss]

IF the diamond pattern stays in control, then the suggestion is price decline within the RED portion. We could have the pattern filled in a few days and then the current weekly price (closing bases) pattern take over. This would follow the direction that "Teaparty" has suggested below. The summation is we have a weak market, and something will need to change before the major up-trend resumes. Just my thoughts.





This weekly suggests a bounce around in a declining trend for awhile.
mss

[spielchekr]

Your MACD roll chart is starting to look threatening too, if you care to post it.

[spielchekr]

MSS said post it. Vertical lines haven't been updated, but you can figure it out.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=5&mn=0&dy=0&i=p29255254666&a=87630134&r=659.png

[thespookyone]

It's funny, I always get caught up in the simple things when I look at a chart and indicators. When I look at your chart, I see the macd kissed, not really crossed yet. The slow sto, however, did clearly cross up. The five prior times on your chart where the slow sto crossed were ALL followed by fairly stiff pops up, and I'm just not much of a "it will be different this time" kind of guy. I have to expect a pop up this time as well, till price tells me differently.

Edited by thespookyone, 01 July 2007 - 08:56 PM.

[mss]

MSS said post it. Vertical lines haven't been updated, but you can figure it out.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=5&mn=0&dy=0&i=p29255254666&a=87630134&r=659.png

Hi spielchekr, UP-DATED now
You or anyone else may post or repost any chart that I make from STOCKCHARTS. I get a problem if someone post my EXCEL charts, but i rarely post them anymore. Always feel free to post the others as it may help us all even with a slight change.

Hi thespookyone,
If you look close you will note that there are two different time periods. Daily I also expect a "pop" or two, but till something changes the weekly is very weak, therefore making ST riskier.
Below is a modified version of the weekly chart posted above.



mss