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Re: gray18 post# 345

Saturday, 12/31/2011 6:26:39 AM

Saturday, December 31, 2011 6:26:39 AM

Post# of 759
updated SPX daily, monthly & weekly charts by gray18 -



chart #2 SPX monthly -

* the green line is the monthly 8,34,1 MACD overlay shown behind the SPX monthly price bars

* the white line is the monthly 5,21,1 MACD overlay shown behind the SPX monthly price bars



chart #3 SPX weekly closes -

* the white line is the weekly 8,34,1 MACD overlay shown behind the SPX weekly price closes shown as the green line

*** the SPX and other index prices are consolidating this week near the high of the August to November trading range, and a firm distance above the mid-point values for this trading range for each index such as SPX, OEX, NYA, RUT, NDX, COMPQ ...
so, this SPX weekly closes chart provides a helpful context for this high level consolidation below the November highs and above the mid-point value of the August to November trading range


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