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To: Shack who wrote (101130)7/12/2004 12:48:18 PM
From: At_The_Ask  Read Replies (2) | Respond to of 209892
 
I'm starting to think that everything since July 6 has been a corrective. If you look at the 60 min spx you can see a little spando b off of the 8th high.

stockcharts.com[s31824105]&disp=O



To: Shack who wrote (101130)7/12/2004 1:25:03 PM
From: bcrafty  Read Replies (2) | Respond to of 209892
 
I agree on the P/C IT buy signal

The 21 day sma on the equity only P/C has risen recently but is now near where it was at the markets' March low. IMO, sooner rather than later this moving average should resume the downtrend it began a few weeks ago.
vtoreport.com

FWIW, 5-day RSI gave a ST QQQ buy signal last week
vtoreport.com


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