no count or comment...just showing some must hold areas
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=11&dy=0&i=p08069910543&a=85048065&r=4861.png
http://stockcharts.com/c-sc/sc?s=$RUT&p=W&yr=6&mn=6&dy=0&i=p02839150261&a=106692384&r=9589.png
INDU and RUT
Started by
eminimee
, Aug 04 2007 07:38 AM
1 reply to this topic
#1
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 04 August 2007 - 07:38 AM
#2
Russ
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- Traders-Talk User
- 7,199 posts
Member
Posted 04 August 2007 - 10:12 AM
Something's not right here Teaparty...my data from Dial Data and Yahoo are both showing the R2K has broken major support. Only the linear chart has not broken support but I think the Log chart is considered more accurate for long term charts. Nonetheless some internal measures of the NYSE are showing positive divergence so it should lead to some kind of rally soon but the major support on the Rut appears to have been broken and that ain't good.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
