Breaking through what "could" be a falling wedge would give me a ton of confidence that the low is in....if it stops there.....just be on guard.
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=21&i=p85296073534&a=107003689&r=5148.png
A real test is coming...
Started by
eminimee
, Aug 08 2007 12:21 PM
3 replies to this topic
#1
Posted 08 August 2007 - 12:21 PM
#2
Posted 08 August 2007 - 12:39 PM
Hi Teaparty...
Nice call on the rally, with some nice charting to boot.
I'm sure you are aware, so excuse me for chiming in, but the daily chart has the 50ma currently @ 698.41.
May cause a pause.
Best to ya!
#3
Posted 08 August 2007 - 12:48 PM
SPX 50day ema at 1501.20
XLF .618 retrace of the 6.19 decline is 35.79....5 retrace at 35.05 has not been surpassed today
Edited by hiker, 08 August 2007 - 12:50 PM.
#4
Posted 08 August 2007 - 12:55 PM
if we turn down now..here's why
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=6&dy=0&i=p11958525491&a=88876576&r=6446.png
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=6&dy=0&i=p11958525491&a=88876576&r=6446.png