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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (12087)1/5/2000 12:12:00 PM
From: Don Pueblo  Read Replies (2) of 63513
 
Short term RSI says this spot right here (3800) on the COMP is a critical spot today. The "traditional" chart looks like it is forming a flat topped pennant, which is bullish, but it looks deceptive to me... the SPX needs to go up right now and close above 1400 today. If that doesn't happen this afternoon, and the COMP closes below 3800, it would not be a good sign IMHO.

BTW, check the 5 minute bar on AMZN. Interesting!
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