InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,721.04
(
-1.00%
)
Post# of 51808
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Thursday, 11/05/2009 11:23:26 PM

Thursday, November 05, 2009 11:23:26 PM

Post# of 51808
SPX Price-Volume Pattern

Over the last 2 weeks the volume increased to the downside, but decreased through the bounce higher as is typical with distribution at the end of trends. This and E-waves reinforce a top being in or this bounce being the last attempt at a new March rally high. There was a huge divergence with the ABX.HE.AAA.06-1 mortgage index. It dropped another 1.5% as it continues a 2 week selloff, yet the stock markets vaulted higher.

http://stockcharts.com/h-sc/ui?s=$spx&p=D&yr=0&mn=6&dy=0&id=p75635173805

Sideways and choppy stock trading the next couple of days at best. Be prepared to the downside since a huge wave 3 has started.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up