P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject	5/12/2002 10:32:29 PM
From: exp	Read Replies (3) of 30712

Jeff, note how all bear market rallies on SPX (since the double top in 1500s in 2000) were stopped by 50ema on this weekly chart: stockcharts.com[h,a]waclyyay[df][pc50!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G And since we hit the SPX double top in 1170s this year, it looks like the descent continues unabated. However, a decisive SPX breakdown may not occur without BKX falling below its 50ema on weekly which may be imminent: stockcharts.com[h,a]waclyyay[df][pc50!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G

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