http://stockcharts.com/c-sc/sc?s=$SPX...2444&r=4461
Edited by redfoliage2, 23 August 2007 - 02:35 PM.
After all the Volatility in the Day
Started by
redfoliage2
, Aug 23 2007 02:33 PM
1 reply to this topic
#1
redfoliage2
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Posted 23 August 2007 - 02:33 PM
SPX still above the 200 ma and a few points below the trendline resistance at 1468, i.e. it is able to get above that trendline any time soon:
http://stockcharts.com/c-sc/sc?s=$SPX...2444&r=4461
http://stockcharts.com/c-sc/sc?s=$SPX...2444&r=4461
#2
rkd80
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Posted 23 August 2007 - 02:41 PM
I think its important to look at the sectors that made this bounce happen and notice that they are not doing so hot. That being said - SPX bumped up against the 34EMA which is a pretty good judge of VST movement and the last time it bumped up against it - bad things happened.
9th of August, on a daily chart.
“be right and sit tight”
