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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (140359)1/20/2007 7:34:49 PM
From: Galirayo  Respond to of 209892
 
[SPX] I'm not sure about unravel ...

Where's the Big #4 ... Looks like it's still the Big #3 to my untrained eye.

Will Bears feed the Bulls ??

or ............

Bulls feed the Bears ??

or .......

Will it just Churn or Zig Zag with no Traction for either ??

That's the Question that needs to be answered.

For the Moment .. Big Money needs to keep working .. so I'd Guess .. Rotation fits the current description. Every time the SPX moves lower or has a bad day some of the unloved blood in the street ones move up. Seems there is some Bottom and Formation Fishing at the moment.

Looks like it'll become even a more so ..'Stock Pickers Market' while the Indices decide what to do.

I envision it's the old pony express .. ride another horse routine .. for now.

A STO Crossover here above the 50 line may send it continuing on the 45* angle or 1x1 it seems to like at the moment. Trend seems intact to me.

stockcharts.com

stockcharts.com

stockcharts.com[Y]&disp=SXA



To: John Vosilla who wrote (140359)1/20/2007 8:25:35 PM
From: Moominoid  Read Replies (2) | Respond to of 209892
 
20th Jan last year S&P fell 24 points :)

stockcharts.com