NYSI Weekly summation index is about to turn bullish with macd
on SPX currently indicating bullish posture on Equities. Do you
think after the 50 to 75-point flush to relieve the overbought and
sentiment indicators, the market will continue a good 3-month rally
in the next year?
coolhat - First, the current trend is up and that has to
be respected until it changes. With that said, the SPX is nearing
some objective targets with some noticeable divergences building.
Should the divergence kick in, we will simply have to see the
nature and extent of the pullback before determining what is likely
to follow.
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NYSI Weekly summation index is
Carl Futia
Posted by coolhat on 10th of Dec 2010 at 08:53 am
NYSI Weekly summation index is about to turn bullish with macd on SPX currently indicating bullish posture on Equities. Do you think after the 50 to 75-point flush to relieve the overbought and sentiment indicators, the market will continue a good 3-month rally in the next year?
coolhat - First, the current
Posted by steve on 10th of Dec 2010 at 09:02 am
coolhat - First, the current trend is up and that has to be respected until it changes. With that said, the SPX is nearing some objective targets with some noticeable divergences building. Should the divergence kick in, we will simply have to see the nature and extent of the pullback before determining what is likely to follow.