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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Mao II who wrote (37590)3/29/2001 2:32:22 PM
From: James Strauss  Read Replies (2) | Respond to of 50167
 
MII:

The battle goes on at SPX 1150...
bigcharts.com

While the Nasdaq is still producing many New Lows, the NYSE is producing more New Highs...
quote.yahoo.com

The 6 month chart is showing the struggle with the 13 day MA...
bigcharts.com

The bottom of the Bollinger Bands is in the 1080 to 1100 area... Not far off... A break of the 1250 area sets up tests of the 1300 and 1400 areas...

The SPX is still above its 34 day Linear Regression price line... It would have to dip below 1125 to break this line... So far, it's stubbornly clinging to its 13 day MA in the 1150 vicinity... Looks like the activity seen in broad base building...

Jim