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S&P 500
5,736.13
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0.71%
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US TECH 100
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1.21%
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Dow Jones
42,005.26
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0.12%
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CaribbeanJim

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CaribbeanJim

Re: Vestor_2000 post# 34463

Monday, 09/11/2006 12:37:37 AM

Monday, September 11, 2006 12:37:37 AM

Post# of 37180
Vestor - Good work. I think you may have something there. I also watch the SP500 BPI on occasion. I track its movement with the PSAR and what I am noticing is the PSAR dots have a VERY TIGHT configuration off the June bottom. That tight dot configuration off what is presumed to be a major bottom typically means the move is a bear flag in disguise. This will be interesting to look back at the end of the year to see if was indeed the case.

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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