i hope someone bought spx when i posted. nice little
bounce. we may have bottomed temporarily. rp, unsane,
cw, matt - would love to know your thoughts on this.
I stated that the SPX bounced off the lower trendline of the
channel. Positive divergence is still in place on the 60 min
charts as well, so the fuel is there for a rally, but again it will
be next week and we still have to take out that downtrend line, but
divergence is in place
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i hope someone bought spx
Posted by cmaslin on 6th of Mar 2009 at 03:50 pm
i hope someone bought spx when i posted. nice little bounce. we may have bottomed temporarily. rp, unsane, cw, matt - would love to know your thoughts on this.
i'm interested in Dodger's view
Posted by moksha on 6th of Mar 2009 at 03:56 pm
i'm interested in Dodger's view too
SPX 60 min chart.png SPX 30
Posted by matt on 6th of Mar 2009 at 04:02 pm
I stated that the SPX bounced off the lower trendline of the channel. Positive divergence is still in place on the 60 min charts as well, so the fuel is there for a rally, but again it will be next week and we still have to take out that downtrend line, but divergence is in place