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Strategies & Market Trends : Classic TA Workplace

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To: chainik who wrote (130814)	3/16/2006 8:33:15 PM
From: Shack	Read Replies (2) of 209892

I'm not sure what you mean chainik. We've discussed this before, there is no negative correlation between these two charts. Otherwise why would rates be at 3 year highs and the SPX at 5 year highs? If anything (and I am not supporting this either) there has been a positive correlation. And we sure as heck shouldn't be anticipating a future negative correlation based on FA, that is the last thing I want to see on this thread. Its after-hours so I don't really mind the stock:bond chatter, but please folks, this is not TA or E-wave. What is TA and E-wave are the upside breaks of the SPY, $SPX and COMP wedges on the weeklies, as well as the likely (iii) of 3 up on the BKX off the Oct low. Yes I am very bullish.....but I am more than willing to listen to some TA-based bear arguments. The chart which best supports the bear case was pointed out today (by Freep no less!-g) that being the SOX, anyone else have any thoughts on this chart?

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