EMA(2) of the $NYUD (bottom of chart) closed in today at -1558 lowest reading since '02!!! Levels below -1300 have marked turning points (either IT bottom or rally). I marked them with green verticals.
in
July 02
March 04
April 05
Oct 05
June 06
March 07
Just another bottoming tool some extreeeme readings.
As a confirming, the $NYAD (EMA2) (top of chart) closed at -1546, was below -2000 yesterday. Only a few times in 5 years has that happened.
But like my previous post suggested, there are also enough indicators to suggest that we are not ready. Arg.
$NYUD
Started by
rkd80
, Jul 27 2007 05:56 PM
1 reply to this topic
#1
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 27 July 2007 - 05:56 PM
“be right and sit tight”
#2
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 27 July 2007 - 06:29 PM
oops, forgot the bloody chart.
here: http://stockcharts.com/h-sc/ui?s=$NYU...3&listNum=3
here: http://stockcharts.com/h-sc/ui?s=$NYU...3&listNum=3
EMA(2) of the $NYUD (bottom of chart) closed in today at -1558 lowest reading since '02!!! Levels below -1300 have marked turning points (either IT bottom or rally). I marked them with green verticals.
in
July 02
March 04
April 05
Oct 05
June 06
March 07
Just another bottoming tool some extreeeme readings.
As a confirming, the $NYAD (EMA2) (top of chart) closed at -1546, was below -2000 yesterday. Only a few times in 5 years has that happened.
But like my previous post suggested, there are also enough indicators to suggest that we are not ready. Arg.
“be right and sit tight”
