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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad
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To: Cush who wrote (5063)10/4/2014 12:35:08 PM
From: Cush1 Recommendation

Recommended By
Greg from Edmonton

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The S&P 500 Weekly. As I usually do on the weekend, I am reviewing weekly charts.

Ready for a further collapse? Ready to resume the two year rally? I don't know. As I have said in the past, sometimes it is not that the charts are unreliable, it's that the charts are indicating the market is unpredictable.

It still looks unstable to me, so I will continue to be cautious with new positions. The chart on the SmallCaps that I will post next does not look bullish.

On this chart of the S&P 500, the CMF is still positive (a good sign) and price has hung in just above the 20MA. But it feels like we are walking a tightrope.

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