Louis.. Here's a chart of the S&P's from 1985 to present. I must admit we are in unchartered waters for me. We look extremely oversold and due for a bounce, but how high could we actually go. What happens when we break through the lows set in 1998 ?? I see the next level of support around 750ish, the 200ema on the monthlies. The COMPX has already hit it's 200ema @1418. And then we have the DOW, if we take out 7500ish can you say DOW 6000.....
Here's the S&P's
stockcharts.com[w,a]maclyymy[pb50!b200!c50!c200][vc60][iUb14!Um12!Ua12,26,9!Lp14,3,10!Lc20!Lk14!Lv25!Lf]
Here's the COMPX
stockcharts.com[w,a]maclyymy[pb50!b200!c50!c200][vc60][iUb14!Um12!Ua12,26,9!Lp14,3,10!Lc20!Lk14!Lv25!Lf]
Here's the DOW
stockcharts.com[w,a]maclyymy[pb50!b200!c50!c200][vc60][iUb14!Um12!Ua12,26,9!Lp14,3,10!Lc20!Lk14!Lv25!Lf]
And then we have Bearon's turning bullish...LOL... indexit did you get to see this one. |
