Tuesday, January 15, 2008 10:41:30 AM
John Murphy / Stockcharts letter spoke strongly recently about how longer term charts dominate shorter term charts.
Monthly and weekly charts look bearish. Tough to get a bull run under those circumstances.
$SPX daily, weekly, monthly ROC's all subZero as well - but hey, January's not over yet, so it doesn't count
1380 or so is a triple bottom on a p&f chart ...
Not the most positive / constructive / bullish of times right now.
rr
Monthly and weekly charts look bearish. Tough to get a bull run under those circumstances.
$SPX daily, weekly, monthly ROC's all subZero as well - but hey, January's not over yet, so it doesn't count
1380 or so is a triple bottom on a p&f chart ...
Not the most positive / constructive / bullish of times right now.
rr
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