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Strategies & Market Trends : Classic TA Workplace

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To: illyia who wrote (137064)10/4/2006 9:43:12 AM
From: Galirayo  Read Replies (2) of 209892
 
[SPX] Beats me .. but if you look at the Angle of Incline in the Oct / Nov 05 run in the SPX .. and compare the Incline to this current move .....

The SPX looks more methodical and sure footed today. Since it's not broken there seems to be little need to fix it.


stockcharts.com

It hasn't even cracked the 13ema yet. So far it's retraced over 61.8% of it's last drop off the Mar 2000 Top and looks to be traveling in a channel after that inverted H&S. Shoulders between the Fib 38% and 50%.

ttrader.com
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