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To: Shack who wrote (120065)6/8/2005 5:46:34 PM
From: ajtj99  Respond to of 209892
 
I've been using the 5-NDX point margin since summer 2002, so it's going on about 3-years now. I guess you could say I made it up as I went along, as I started using it in 2002.

The signal could come as early as 11:00AM and as late as 3:00PM. The good ones usually are before noon.



To: Shack who wrote (120065)6/8/2005 6:13:25 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
So, wassup here, ladies and gents... Just as I was about to become convinced that bulls own the trend - I realised, that consensual confidence aside, there was no real progress in weeks. SPX could be one negative day away from issuing an MACD (12, 26, 9) sell signal. This time of the year - historically - such a signal often used to mark the change towards negative seasonality... much studied by Sy Harding.

streetsmartreport.com

SPX needs to show strength in order to avoid getting stuck in this potential down channel:

stockcharts.com[r,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][J49085868,Y]&listNum=1

Short term SPX sports a strangeish broadening formation, consisting of a series of "threes". (Is there such a thing as a broadening ED?). So far, it kept making higher highs, and managed to avoid lower lows, even though today it came close to making one. Note the negative momentum divergences.

stockcharts.com[p,a]eaclyyay[d40][pb50!b200][vc60][iub14!la12,26,9][j49085868,y]&listNum=1