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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (10806)9/30/2010 11:51:20 PM
From: Chip McVickar  Read Replies (2) | Respond to of 222713
 
Fascinating pattern over the last five days on the SPX

24th >>a gap open and a sike high to close high
time gap
27th >>close low and above the 50% level of 24th
28th >>a spike low to close high... but below the 24th close
29th >>is an inside day
30th >>an outside day... including a spike higher and a close well below the close of the last 5 days

Plus there's a divergence in the RSI 14 and MACD

Very Interesting... we could see the 1090s after the weekend time gap

can anyone... not belonging to stock charts... see this chart as black with pitchforks and retracements...?

$SPX - Daily OHLC Bars[url]http://stockcharts.com/h-sc/ui?s=$spx&p=d&yr=0&mn=3&dy=0&id=p05239338067&a=130442307[/url]