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

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To: ajtj99 who wrote (19705)12/12/2002 7:52:02 PM
From: ajtj99  Read Replies (1) of 30712
 
Further to my point on the 13-EMA on the SPX weekly and the 20EMA on the COMP and NDX weekly charts.

This is what we need to be watching and aware of right now. When we close below the 13-EMA on the SPX weekly going into a weekend, you'll know the rally is done and a re-trace or test of the lows is on.

stockcharts.com[h,a]waclyyay[df][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

You can see quite clearly on that chart how important that is on the SPX.

Fight that fact, and you'll most likely find yourself on the wrong side of the trend.
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