Chart Ideas

[rimshot]

SPX weekly closes displayed in histogram format, with the JPM (JP Morgan) price line shown as an overlay in orange color:

* notice the SPX 200-week sma has not yet been violated by a weekly close during the current decline (as of August 12, 2011)

* JPM now resides near its June, 2010, weekly close low (as of August 12, 2011)



chart #2 -repeat of the SPX Equal Weighted Index daily closes in histogram format -

* bulls want the SPX-EW to remain above the $1726 level, and this week has seen a good start to this chart achievement by the price action

* notice the RUT $642 horizontal value has not yet been violated by daily closes during the current decline, as of August 12, 2011



chart #3 - repeat of NYA monthly with SPX monthly closes:

* be vigilant about future NYA price action vs. the $7311 horizontal value shown in pink color



*** the charts at this IHub board update "live" with the current price action when you refresh your browser in the future ***