Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.72

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Jan 16 4:00 PM EST

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To: robert b furman who wrote (47906)	5/15/2012 2:26:22 PM
From: Johnny Canuck	Read Replies (2) of 69827

A quick way to check is to put up a chart with moving averaging in a number of periods from 5 days to 100 days. Unfortunately I can only put up 3 moving averages on this chart. The 50 day looks like it is starting to form a sideways pattern, but the speed at which the shorter time frame averages (9 and 20) are diverging from the flat 50 day SMA would indicate that the consolidation pattern is breaking down already. Again this is judgement call and you could wait for the for a larger break down to confirm.

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