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Strategies & Market Trends : Buying SPLITs and other Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (1092)1/11/2009 10:20:11 PM
From: Oblomov  Read Replies (1) | Respond to of 1163
 
The $SPX went right down to its ascending 50dma, and stopped right above it. If it turns up here, then the bullish case is intact. Fast and slow MACD oscillators both crossed above zero this last week. I'm seeing a lot of bearish sentiment here on SI this weekend, and it makes me give more consideration to the possibility of a one or two week rally from here.

DJIA broke right through its 50dma, however.



To: Terry Whitman who wrote (1092)1/30/2009 10:48:47 AM
From: Terry Whitman  Read Replies (2) | Respond to of 1163
 
NEW CHART reads.
Scale goes from -5 to +5:


SYMBOL Rating Prev. reading

$SOX -1 0
HON -1 0
QQQQ -2 0
MCD -3 2
ALU -3 1
PPH -3 0
DIA -4 0
SPY -4 0
$RUT -5 0
GM -5 0
GE -5 -3
T -5 -4

AVG. -3.42 -0.33
SCORE


Big drop in scores. The Generals are lagging. Only good sign is that we are still holding above prev. lows.

Also of note- when MCD goes negative, a low is generally at hand..