Ask DrBob Message Board - Msg: 17427508

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	5/6/2002 7:50:32 AM
From: shoreco	of 100058

FWIW, The SPX 50ma is 1126.206 and the 200ma is 1127.223 and they seem to be converging in a descending parallel fashion and any bounce will move the 50ma above the 200ma. This sets up two different scenarios... 1. In 1994 the SPX 50ma and 200ma flip flopped back and forth and the SPX traded with in a 10% sideways range. 2. The 50ma forms the KOD and the SPX retest the September lows. A breach of 1050ish and a close below 1055 should gives up a clue to how the above scenario will unfold. All this is JMO... EOM Shoreco PS One more day on the porch...

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