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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (22746)3/25/2005 6:05:43 PM
From: sea_urchin  Read Replies (1) | Respond to of 81108
 
Fortune telling department.

My crystal ball is telling me that a new bear market in the S&P500, or more correctly the continuation of the old one, could be about to commence.

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1. Similarity between technicals now and in 2000 at commencement of the bear market
2. Yellow lines show bearish divergence between peaks on Index and peaks on MACD and RSI, both now and in 2000.

stock-charts-made-easy.com

3. Support line penetration on Index. This is clear and unambiguous and requires no explanation.
4. Incipient penetration of support line on MACD. Similar to 2000 but then the pattern was more distinct

The Nasdaq also demonstrates support line penetration. The other technicals are not clear.

img.photobucket.com