2 replies to this topic

[hiker]

how many closes above 148.40 in recent history?

sure SPX R1 1485 (and .618 retrace of the major decline) can easily be tested intraday next week...

1494 is R2 now

the daily pattern may be even more bullish following successive closes above 148.40, if any

http://stockcharts.c...p...1&r=264.png

149.83 horizontal marked on this chart is the current value of the weekly BB mid-channel

btw, the declining 50day sma is now at 149.43

Edited by hiker, 24 August 2007 - 06:15 PM.

[hiker]

note what happened in the lower portion of this live chart at the top of this thread..this first such event since the "bottom"

http://www.traders-t...?...=74097&st=0

Edited by hiker, 24 August 2007 - 07:23 PM.

[Trend-Signals]

Breadth is confirming price actions.

"Put" Bernanke will likely continue to fire up.... with weekly breadth positive divergences from extremely level.

Have a nice weekend........

http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=17&i=p98670794592&a=79285156&r=938.png
http://stockcharts.com/c-sc/sc?s=$SPXA200&p=D&st=2007-01-01&i=p27915350788&a=96227204&r=918.png