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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (112690)1/30/2005 1:34:09 PM
From: Galirayo  Read Replies (2) of 209892
 
Ski .. SPX and MID are below the 50dma ..

The candles are not bullish ones so I don't know what to say. They are both going to find resistance on the 50dma. It's going to take some market sentiment change.

S&P
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

S&P Mid Caps
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

Nasdaq
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

SOX .. this one is at least a spinninng top. Not a solid reversal candle.
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

BTK
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

INDU
stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

I just don't see the Bull Case today.

Ray
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