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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: the-phoenix who wrote (4632)2/15/2006 9:39:53 PM
From: skinowski  Read Replies (1) of 41496
 
Wouldn't be a screaming buy, agree, but still, it would be a setup for SPX to try for new highs - to join the DOW. It would signify a failure by SPX to trace out a meaningful impulse down in more than just a wiggle time frame. The Bull - as old and tired as he may be - would be still "officially" continuing. We have an interesting divergence between the DOW at new highs, and NDX, which looks as if it may collapse to new lows at any time.
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