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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (116388)4/12/2005 3:06:48 PM
From: bcrafty  Read Replies (1) of 209892
 
SPX is looking better for a reversal from the recent 1163.7 low.

Arguably it's now in a 3/C up from then. MACD crossed up,CCI in midrange, RSI 14 in midrange and pointed up; stochs are crossed down, but room for more up is there.

stockcharts.com[h,a]daclyyay[dc][pb7!b17!f][vc60][iLa12,26,9!Ld20]&pref=G

I notice that you frequently take a look at other indices (SOX, BTK, etc) and major issues and combine them all for a bigger picture of the market in general. What say you from that viewpoint at this juncture (assuming the bounce holds today, which it looks like it will)?
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