Wednesday, September 28, 2011 6:26:00 PM
Several Charts
I borrowed several charts from reliable chartists. The common theme is that were are Still inside the triangle. We're still triangulating, Undecided if price trend should continue and break to new lows or Change and become bullish.
The first chart is $COMP 40 Day Hourly. Im using it as an advance warning to what the SPX may do. It is inside its up slope channel and the hourly stoch is about to become oversold. It Typically means BUY when channel and stoch are oversold. - So If (and I say If) the COMP bounces on its lower line then it would help pause the SPX from further downside.... However if $COMP price breaks its lower channel then it could push $SPX to a new weekly low stated by northams SPX Cycles...
SPY
SOX
INDU
I borrowed several charts from reliable chartists. The common theme is that were are Still inside the triangle. We're still triangulating, Undecided if price trend should continue and break to new lows or Change and become bullish.
The first chart is $COMP 40 Day Hourly. Im using it as an advance warning to what the SPX may do. It is inside its up slope channel and the hourly stoch is about to become oversold. It Typically means BUY when channel and stoch are oversold. - So If (and I say If) the COMP bounces on its lower line then it would help pause the SPX from further downside.... However if $COMP price breaks its lower channel then it could push $SPX to a new weekly low stated by northams SPX Cycles...
SPY
SOX
INDU
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