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S&P 500
5,626.02
(
0.54%
)
US TECH 100
18,986.40
(
0.30%
)
Dow Jones
41,393.78
(
0.72%
)
Brent Oil
71.83
(
0.00%
)
Bitcoin
60,045.14
(
-0.88%
)
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plexxus

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plexxus

Re: ajtj99 post# 46788

Friday, 04/15/2005 12:26:30 AM

Friday, April 15, 2005 12:26:30 AM

Post# of 148479
Hey AJ....yes looks like we broke through necklines on the indices today on the Dow/WLSH/SP etc. Here are some updates....very common for backtest or breach of these necklines to shakeout shorts before the next leg down....if that is to occur my guess would be next week sometime. Tomorrow could be a nice trend day down...fairly rare to get a bottom on a Friday after a decent down swing.

OSG broke badly today as did some other oils. The breakdown in the Golds today makes me think the US Dollar is on the cusp of a double bottom breakout that projects to 89-90ish.

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[h,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!l...

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]dhcayiay[dc][pb50!b200!b20!f][vc60][ila12,26...

http://stockcharts.com/def/servlet/SC.web?c=$wlsh,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][iub14!la12,...


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