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Toppcats

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Toppcats

Re: None

Friday, 05/13/2005 1:37:45 AM

Friday, May 13, 2005 1:37:45 AM

Post# of 52118
Observation regarding chart:

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]daclyyay[p][vc60][iUa12,26,9!Li14,5]&pre...

Stochastic position speaks for more downside to come.
MACD off of the recent interim (lower) high, however, is divergent. This speaks for some additional strength relative to that lower high. As noted in the prior post, this current downwave may conclude higher than we expect - the divergent MACD may be a clue regarding that possibility.

Regards,
Gary
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